The Bangladesh Cricket Board on Thursday stated that they had terminated a settlement agreement with SQ Sports Enterprise Ltd, the owner of the Chittagong Kings franchise in the BPL, by a notice dated July 22, 2025.听
The BCB also made a claim of an updated amount of USD three million seven hundred eighty-two thousand one hundred fifty-six dollars and sixteen cents [around Tk 46 crore] and said that they were continuing to take all available legal remedies to recover all outstanding dues.
Recently Sameer Quader Chowdhury, the owner of the Chittagong Kings, claimed that it was the BCB who were unwilling to solve the longstanding dispute that dated back to 2013 when the first edition of the BPL was held.听
Sameer also blamed the BCB for making the BPL more controversial and claimed that he had all the related documents in the matter.听
In the wake of his recent comments, the BCB on Thursday issued a press release explaining their current stand.听
鈥楽Q Sports Enterprise Ltd, the owner of the Chittagong Kings Team in the 1st, 2nd & 11th editions of the BPL T20 tournament, has persistently breached its legal and financial obligations related to the 1st (2012) and 2nd (2013) editions of the BPL T20 tournament,鈥� the press release read.听
鈥楧espite multiple reminders and notices issued by BCB from 2013 to 2025, including, but not limited to, the Notice of Arbitration dated 7 May 2013 and the Legal Notice dated 22 July 2025, SQ Sports Enterprise Ltd failed to perform its contractual obligations, which included unpaid franchise fees, tax liabilities, and dues to players and team personnel,鈥� it added.听
The BCB said that they tried to resolve the matter amicably by signing a settlement agreement with the SQ Sports Enterprise Ltd. on September 20, 2024, but the latter 鈥榗ompletely failed to make any payment as per the terms of the said Settlement Agreement鈥�.听
As a consequence, BCB terminated the agreement and made a claim for the aforementioned amount. They also gave a breakdown of the claimed amount.听
According to the BCB, the original outstanding amount was USD 15,50,064. But from 2012 to 2025, the accrued interest would be USD 2,232,092.16 and thus bring the total amount to USD 3,782,156.16.
The BCB also claimed that the Chittagong Kings owner failed to make various payments relating to the 11th edition of the BPL to its various stakeholders, including players, coaches, hotels and vendors.听
鈥業n this regard, BCB is regularly receiving complaints and notices regarding the outstanding amounts payable by S.Q. Sports Enterprise Ltd,鈥� said the BCB.听
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