Seven3Sports, the commercial and strategic partner of the Cricket Association of Nepal during the inaugural Nepal T20 League, terminated its agreement on Tuesday.
As per the report published in Kathmandu Post today, Seven3Sports announced its termination via an email to CAN on Tuesday. Seven3Sports blamed the cricketing body, which failed to get approval for the tournament from the National Sports Council.
Earlier, CAN intended to end the agreement with Seven3Sports after Jatin Ahluwalia, the co-founder fled back to India without any contacts during the tournament.
CAN and Seven3Sports struck an eight-year deal in May last year. The contract stipulates that Seven3Sports would pay around Rs 330 million to acquire the rights to the Nepal T20 League.
Nepal T20 League was full of controversies and criticism. Meanwhile, Two players were arrested on the charge of spot-fixing, and more investigation is going on. As per the sources, Seven3sports was also involved in the fixing scandal in the tournament.