The long running and complex dispute over television rights and sponsorship negotiations between the Sri Lankan cricket board (BCCSL) and WSG Nimbus was no nearer settlement on Monday night.
The Commercial High Court in Colombo had been expected to decide whether to overturn an injunction on WSG Nimbus by the BCCSL on Monday but the judge postponed his verdict until Tuesday.
In Singapore, however, it is understood that WSG Nimbus have obtained an order in the Singapore courts that confirms that BCCSL must cease its action against WSG Nimbus in the Colombo court.
Moreover, it restrains the Board from dealing with third parties such as broadcasters and sponsors in relation to the subject matter of their existing agreement that runs until 2003.
The BCCSL, though, continue to contend that Singapore has no jurisdication over the dispute and they are believed to be on the verge of signing a three year contract with a new party.
Fresh bids were apparently opened today and board sources maintain they are "going ahead" with the process and will sign a memorandum of understanding with the new party on Tuesday morning.
Describing the deal as "highly beneficial to Sri Lankan cricket" the source refused to name the winner but promised a media release on Tuesday afternoon.
WSG Nimbus and the BCCSL have been at loggerheads during the past two weeks after the BCCSL terminated their record USD 27.1 million three-year agreement signed last December complaining that WSG Nimbus has "repeatedly missed" payment deadlines.
© CricInfo
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