Set Max takes Rs 900 cr weather insurance cover for IPL 4
Quote:
The broadcaster of the Indian Premier League, Multi Screen Media, today said it has taken an insurance cover against the possibility of bad weather disrupting matches during the fourth season of the T20 cricket league.
The total cover value is to the tune of the total revenues that Multi Screen Media (MSM) expects to make from this year's event, which is estimated at around Rs 900 crore.
The cover is meant to recover losses if matches are washed out due to rain or not played due to other unfavourable weather conditions.
Source - financialexpress.com
