The Board of Control for Cricket in India (BCCI) on Monday announced the timeline for Indian Premier League (IPL) Media Rights ITT (Invitation to Tender). According to it, the board will release the ITT for the IPL media rights on July 21 while the last date for bid submission will be August 28, 2017.
Meanwhile, the last date for seeking clarifications and last date for purchase of ITT will be August 05 and 24 repetitively, stated the BCCI press release. The media rights on offer will be for a five-year period like it was the case with the title and event rights that went to Vivo and IMF respectively for a handsome amount. Also Read- India Tour of Sri Lanka 2017: Shikhar Dhawan Replaces Injured Murali Vijay
“The IPL Governing Council at its meeting held on July 11, 2017 evaluated the IPL Media Rights ITT and reconfirmed that the existing BCCI tender process is the best approach, both in terms of absolute transparency and a free and fair price discovery, for the IPL Media Rights,” said BCCI acting secretary Amitabh Choudhary in a statement.
“The entities that had purchased the tender documents of the IPL Media Rights, which was earlier scheduled to be held on October 25, 2016, will be provided the tender documents of present IPL Media Rights on its release without any additional cost/charges,” the statement read further. Also Read- Treatment Given to Zaheer Khan, Rahul Dravid is Shameful
Sony’s ten-year rights, which they bought for approximately Rs 6,700, ended this year with the culmination of IPL 10.