Mumbai:BCCI President Shashank Manohar was on Wednesday authorised to resolve the IMG issue and report back to the Cricket Board at its annual general meeting on September 24.
The BCCI last week snapped ties with IMG, claiming the sports management firm was overcharging the Board for providing its services to conduct Indian Premier League.
IMG received close to Rs 43 crore for the inaugural edition of the IPL, held in 2008 and is set to receive Rs 33 crore for this year's IPL-II staged in South Africa.
"BCCI Chief Shashank Manohar has been authorised to deal with the IMG issue and report to the Board at its AGM on September 24," BCCI vice-president Rajiv Shukla told reporters after a meeting of the IPL governing council here.
Former BCCI President Sharad Pawar wrote a letter to Manohar ahead of the meeting to make it clear that the contract with IMG was approved at all "appropriate levels" during his tenure as the Board president.
Pawar also questioned the BCCI on its decision to "unilaterally" terminating IMG's services for future IPLs while also warning that the board would invite a long-drawn legal war as well as harm their public image by such actions.
Shukla, also a member of the IPL governing council, said that all the IPL franchises have submitted their bills to the IPL governing council.
"All the franchises have submitted their expenses incurred in South Africa during the IPL-II to the governing council. The additional cost will be considered and suitably compensated," he said.
The IPL-II was staged in South Africa as its dates coincided with the Lok Sabha elections.