BCCI emblem (Reuters Image)
The board shared the small print of the method because it said that the RFQ doc could be made out there to the entities on receipt of cost of a non-refundable price of INR 1,00,000.
The Board of Control for Cricket in India (BCCI) has introduced the launch of Request for Quotation for Official Partner Rights for the board occasions. The Indian Cricket Board associated a press release on Friday the place they invited bids from the entities which are serious about buying the companion rights for BCCI Events.
The board shared the small print of the method because it said that the RFQ doc could be made out there to the entities on receipt of cost of a non-refundable price of INR 1,00,000.
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“The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, rights and obligations, etc. are contained in the ‘Request for Quotation’ (“RFQ”) doc which will likely be made out there on receipt of cost of a non-refundable price of INR 1,00,000 (Indian Rupees One Lakh Only) plus any relevant Goods and Services Tax. The process to obtain the RFQ paperwork is enlisted in Annexure A to this discover. The RFQ will likely be out there for buy until September 13, 2023,” the BCCI mentioned within the assertion.
Meanwhile, the BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason.
Recently, the BCCI issued an Invitation to Tender (“ITT”) for Media Rights to the BCCI International Matches and Domestic Matches for September 2023 – March 2028. As part of the process, an e-auction was conducted on August 31, 2023, wherein all eligible bidders were permitted to participate to determine the successful bidder for the Media Rights.
Viacom 18 Media Private Limited acquired the Media Rights from September 2023 to March 2028 for a cumulative figure of INR 5,963 crores, subject to execution of definitive documentation and completion of formalities as required by BCCI, and other obligations specified in the ITT being completed.
India will be playing 88 international games across three formats including 25 Tests, 27 ODIs and 36 T20Is with per match value of the deal standing around Rs 67.76 crore. This is nearly Rs 7.76 crore more than last cycle’s Rs 60 crore per match value.
The rights will come into effect with India’s three-match home series against Australia beginning on September 22 and ending on March 31, 2028.
Aditya MaheshwariAditya Maheshwari, Senior-Sub Editor, Sports at News18.com, wholeheartedly follows cricket and soccer and in addition studies on different sports activities. Follow him @…Read More
Source: www.news18.com
