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Indiantelevision.com's Media, Advertising & Marketing Watch
 
Percept D'Mark, Ganguly reach out of court settlement
 
Indiantelevision.com Team
(25 September 2003 3:00 pm)
 
NEW DELHI: The Prince of Kolkata, Saurav Ganguly, probably the second highest earning Indian cricketer after Sachin Tendulkar, and Percept D’Mark, the event management company managing the business affairs of the Indian cricket captain, have gone in for an out of court settlement.
 
 

Sourav Ganguly - all's square in cricket and commerce?

“They (Percept) have withdrawn the injunction (against me),” Ganguly today told indiantelevision.com here after finishing a shoot for a new cricket-related show for ESPN. Asked specifically whether he would sign up with a new sports management company, Ganguly’s cryptic reply was, “Wait for a couple of days.”

All attempts on the part of indiantelevision.com to elicit a response from Percept D'Mark or the company's executive director Sanjay Lall on Thursday however, were in vain. Lall did not repond to calls on his cell phone.

Counsel for Percept D'mark, Satish Kishinchandani was quoted by Press Trust of India as saying: "We have withdrawn the suit as our rights have been given to us and there is nothing left to follow up.Whatever information we needed has been given to us and we are satisfied with it. Hence the decision to withdraw the suit."

Ganguly, meanwhile, did not comment whether the new company with whom he may sign up is World Sports Nimbus. Earlier, there had been reports in the media that Ganguly was all set to sign up with WSN for a far more lucrative deal than that of Percept’s. This had been denied by Nimbus.

Today, when indiantelevision.com got in touch with Nimbus’ executive chairman Harish Thawani, he reiterated that no deal has been signed between WSN and Ganguly. However, the sports industry is abuzz with news that Ganguly is all set to sign up a Rs 600 million deal with a new sports management company.

Meanwhile, it has also been learnt that cricketers Yuvraj Singh and Zaheer Khan too have moved out of the Percept fold.

Event and celebrity management company, Percept D'Mark had filed a legal suit against Ganguly in the Mumbai High Court last Friday accusing the Indian cricket captain "of not complying with the terms of the contract.'' Percept had also taken a restraint order from the court that barred Ganguly from signing up with another player management agency till the matter was not legally resolved. The matter was to be heard today, but the injunction was withdrawn by Percept before the hearing could take place, Ganguly has said.

The Percept-Ganguly contract expired on Monday. Percept D'Mark had claimed that Ganguly merely negotiating with any other agency was a breach of contract. Percept D'mark's contention was that the first right of refusal at the time of renewal of contract and the right to match any offer that was made to Ganguly vested solely with it.

 

 

 
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