"The agreement between the Licensee and BAI is for 10 years and we had initially calculated that the league wouldn't be profitable till fifth year," Sarma told PTI.
"So now our agreement with Star TV will come for renewal on the fifth year and only there after the league will be profitable. This is the third edition and so another two years there will be a bit of challenge. So for next two years probably we will have to be a bit defensive."
"BAI's dispute with Sporty Solutionz is strictly limited to claims and counter claims. I think franchises shouldn't feel anyway disturbed or demotivated that some litigation is going on. It is an old litigation," he said.
Sporty Solutionz had sought a stay on the PBL till the issue is settled and the hearing is scheduled for December 11.
Sarma said: "Last time also they asked for a stay. Normally in arbitration case court decides on the claim and counter claim in terms of money.
The eight-team league currently has only six franchise owners, with the Delhi and Mumbai teams being governed by the BAI's governing council for now.
Sarma said: "This time we have increased the number of teams to eight and out of them, franchises have acquired six teams. Delhi and Mumbai are with SportzLive, but I think these two also will be sold, it is in the process of selling.
After the resounding success of the Senior National Championship in Nagpur last month, Sarma said he will be meeting the players during the inauguration of PBL and India Super Series in Delhi to decide the schedule for the next edition of the event.
"Next year during the Delhi Super Series, I will get a chance to meet all the players and we will decide the slot. The players are committed to play. It was decided that they will have the meeting among themselves and let us know the schedule. So during the PBL inauguration and Delhi Super series, I am going to meet them," he said.
A few players such as Ajay Jayaram and Pranaav Jerry Chopra were injured during the tournament, while Kidambi Srikanth had aggravated a leg injury during the Senior Nationals.
"Srikanth had told me at Nagpur before the tournament that he is not playing at China since he was playing back to back tournaments. So that was pre-decided but regarding Pranaav and Ajay's injury I am not aware," he said.
"Nagpur stadium is a superb stadium, players can get injured even abroad. That hazard is always there but this time no injuries reported linking it to Nationals. Playing nationals in more important, otherwise we will not get next generation of players," he added.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
