The BCCI has agreed to bear half the loss in revenue incurred by its telecast rights-holder Nimbus as a fall-out of the recently notified Sports Broadcasting Bill.

Nimbus, who last year signed a four-year contract with the BCCI to telecast all international matches in India, had claimed a 12 per cent loss in its projected earnings and accordingly had asked the Board to pitch in with six per cent of the amount.

The Board’s working committee, which met here today, agreed in principle to Nimbus’ request. The exact figures would be decided by in audit while Board member Arun Jaitley and Treasurer N Srinivasan will work out the modalities.

A final report on the issue was expected by March 31. “We have had an amicable solution and there are no clouds over the contract now. The contract will continue,” BCCI vice-president Rajeev Shukla told reporters.