Nimbus bats on a sticky wicket.

Economic Times (New Delhi, India) | May 29, 2007 | Copyright

Byline: Sonali Krishna

May 29--MUMBAI, India -- Time is running out for Nimbus. With a host of payouts scheduled in the immediate term, the next one month poses a challenging time for the Board of Control for Cricket in India (BCCI) rights holder.

The company has to first cough up a bank guarantee of Rs 519 crore to be paid to the BCCI by June 30. Besides, the sports company also has to dish out close to $10 million for the recently concluded India-Bangladesh series and $8 million for the upcoming Afro-Asia series.

Nimbus is believed to be ...

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