BCCI Extends Date To Purchase Tender Documents For Media Rights For IPL 2023-27

The Board of Control for Cricket in India (BCCI) has extended the date to purchase the tender documents in relation to the Invitation to Tender for Media Rights to the Indian Premier League Seasons 2023-2027.

The Governing Council of the IPL had issued the ‘Invitation to Tender’ (“ITT”) documents available for payment of the non-refundable ITT fees on March 29, 2022.

Star India owns the current rights from 2018 to 2022 for which they are paying the BCCI Rs 16,347.50 crore (USD 2.55 billion). However, this number, according to people who are in the decision-making capacity, is likely to be more than double for the next cycle, because of the introduction of two new teams which had increased the number of matches from 60 to 74.

It has been reported that tech giants such as Google, Amazon, ZEE, Sony, and Reliance have entered the fray to bid on the lucrative media rights for the most popular and richest T20 cricket league in the world, the Indian Premier League.

BCCI Decides To Further Extend The Date For Purchasing The ITT Documents Till May 20

The BCCI in their official statement has revealed that due to requests from many interested parties, it has decided to further extend the date for purchasing the ITT documents.

The statement read: “The Governing Council of the IPL had issued the ‘Invitation to Tender’ (“ITT”) documents available on payment of the non-refundable ITT fees on March 29, 2022. The invitation to purchase the ITT documents (“Invitation”), issued on March 29, 2022, is attached as Exhibit I (which also includes Annexure A).

Pursuant to requests from various interested parties, BCCI has now decided to further extend the date for purchasing the ITT documents till May 20, 2022. The procedure for purchasing the ITT documents is laid down in Exhibit I. All other terms contained in the Exhibit I (including the non-refundable ITT fee amount) shall be applicable herein.

Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid.”

The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, proposed media rights packages, obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of a non-refundable fee of INR 25,00,000 (Rupees Twenty- Five Lakhs Only) plus any applicable Goods and Services Tax.

The ITT will be available for purchase till May 10, 2022.

Also Read: Australia Tour Of Sri Lanka 2022: Cricket Australia Says Tour Will Go Ahead Despite Government Advisory