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Sponsors too backing out of Indian Premier League (IPL)

The departure of Kunal Dasgupta from Sony Entertainment Television has raised doubts about the Indian Premier League’s (IPL) financial viability as sources insist that Sony, which bought the rights to produce and telecast matches, owes IPL huge amounts of money.

World Sports Group (WSG) bought the IPL rights for 10 years for a sum close to $1 billion and in turn gave them to Sony for a three-year period. It was decided back then that Sony would explore the Indian subcontinent while WSG

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