NEW DELHI, Sept 28: Re-elected Indian cricket board president Jagmohan Dalmiya has threatened legal action if the International Cricket Council does not release his country’s share of World Cup money by Nov 1.

“We will resort to arbitration and appoint appropriate agencies to investigate the claims if the money is not released by that date,” Dalmiya said shortly after winning his third term at the helm.

The ICC withheld India’s share of the proceeds due to damage claims from its financial agencies, the Global Cricket Corporation (GCC) and World Sport Nimbus, who said they suffered financial losses from a contract row involving Indian players.

Dalmiya said that since at least two main sponsors, Pepsi and Hero-Honda, were not interested in any claims, there was no reason to hold back the $US6.5 million due to the Indian board.

He criticised the ICC’s financial wing for launching “frivolous and fictitious claims”.—PPI