Promising a "historic" new beginning, the BCCI yesterday announced an open tender process for allocating the cash-rich IPL's global broadcasting rights for 10 years, a move that conforms to the Lodha Committee recommendations on transparency in business deals
Anurag Thakur
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New Delhi: Promising a "historic" new beginning, the BCCI yesterday announced an open tender process for allocating the cash-rich IPL's global broadcasting rights for 10 years, a move that conforms to the Lodha Committee recommendations on transparency in business deals.
"We are happy to announce the tender process for IPL Global Media Rights (TV and Digital) for next 10 years," BCCI President Anurag Thakur announced in a press conference here.
"IPL is now the fastest growing league, most popular cricket league in the world and sixth most popular sports league in the world so it is very important for us to make it transparent when we announce the next tender process because it is going to be a historic bid in the history of cricket world."
Currently, the IPL's media rights are held by Sony Pictures Network India (SPNI), a deal that comes to an end after the event's next edition in 2017. According to the invitation, different packages for Television and Digital will be on offer, which includes Indian Subcontinent TV rights for 2018-2027, Indian Subcontinent Digital rights will be for five seasons from 2018-2022 and there will a five minutes delay for TV transmission.
As part of the process of bidding, BCCI said there will be no obligation for the Indian Board to accept the highest financial bid and BCCI retains the discretion to amend process at any time. Explaining the time table for the bidding, BCCI CEO Rahul Johri said October 18 will be the last date for purchase of tender and October 25 will be the last date for bid submission.
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