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Tuesday, November 25, 2008

Abhinav Bindra's former agents threaten legal action

India's Olympic gold-medallist shooter Abhinav Bindra finds himself at the centre of a bitter row between two management companies who are fighting to keep
his marketing rights in the wake of his new-found celebrity status.

Collage Sports, which managed Bindra's endorsements before his Olympic stardom, has threatened to move court after their contract was terminated by the shooter.

Meanwhile his new agents said they were not unduly perturbed by these legal threats
which the rival company has been making for the last few months.

Bindra, who inked a deal with Collage in 2003 and then renewed it in 2006 till August 2009, ended the contract a year before its expiry and passed on the job to B Formula
Entertainment, the firm that has been managing their family-owned business.

Claiming it to be an "unethical" move, Latika Khaneja of Collage Sports said she has decided to move court against Bindra.

"For five years (before Abhinav's Olympic gold medal) I ran his account with no income. But a lot changed after his Olympic achievement. They started approaching clients because they do not want to share their money with anyone," Khaneja
claimed.

As per the agreement with Bindra, Collage was entitled to get 30 per cent of all endoresement deals that the shooter signed.

But a source close to the Bindra family said said they did not want to get into any war of words with Collage, insisting that there was "nothing illegal" on terminating the
contract and that Khaneja was free to take legal recourse.


"Abhinav Bindra is a shooter, he is not a businessman and does not understand all this. But yes he wants money, everybody does, after all it is an expensive sport," the
source said.

"It's three months that she is threatening to move the court, why has she not done that yet? We have simply used the clause of terminating the contract before time because we feel our purpose was not being served by that company," the source said.

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