The Indian Premier League is one of the most popular sporting events of the world and it won’t be wrong to say that it is watch all across the globe because of the fact that almost all the big names of the cricket world participate in this contest.
This cash-rich league provides great earning opportunity for the Board of Control for Cricket in India (BCCI) and the board has invited bids for the broadcasting rights for the next five years as its contract with Star Sports is coming to an end in 2022.
The IPL have now 10 teams and the total number of matches play in the tournament will be 74.
The Governing Council of the IPL invites bids from reputed entities to acquire the Media Rights for the Indian Premier League Seasons 2023-2027, through a tender process.
The details terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, propose media rights packages, and obligations, etc. are contain in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of non-refundable fee of INR 25,00,000 plus any applicable Goods and Services Tax.
The ITT will be available for purchase till 10th May, 2022.
Interested parties can email the details of payment made for the purchase of the ITT to [email protected].
The ITT documents shall be share only receipt of payment of the non-refundable ITT fee.
Any interested party wishing to submit a bid is require to purchase the ITT.
And 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.
BCCI said that purchasing this ITT does not entitle any person to bid.
As BCCI reserves the right to cancel or amend the bidding process at any stage in any manner at its discretion.
BCCI has set a huge amount of approx. Rs. 33000 crore for the IPL media rights starting for the period ranging from 2023-2027.
The invitation which will be sent out by the BCCI will be divided in four bundles :
Bundle A
This is for the television rights for broadcasting in the Indian sub-continent region and in this bundle, the base price for each match has fix at Rs. 49 crore which will come to around Rs. 18,130 crore in five years period.
Bundle B
This is related to the digital rights and Rs. 33 crore is the base price for each match which will come to Rs. 12,210 crore in five years.
Bundle C
This will comprise of 18 IPL matches (opening & closing matches, play-offs, night match when there will be two matches). In this package, the base price per match has been set at Rs. 16 crore (Rs. 1,440 crore in five years) and it will be available for OTT players.
Bundle D
This is for the media rights (television & digital both) outside India sub-continent and the base price for one match has fix at Rs. 3 crore which will total to Rs. 1,110 crore.
Procedure to Procure the Invitation to Tender (ITT) Documents
The ITT document can be purchase as per the following procedure :
If the Purchasing Entity is an Indian Entity :
Payment of INR 25,00,000 + 4,50,000 (GST) i.e., Total INR 29,50,000 is to be made to the following bank account:
INR Bank Account Details :
- Account Name: The Board of Control for Cricket in India
- Account No.: 60082778272
- Name of the Bank: Bank of Maharashtra
- Branch: Fort Branch, Mumbai
- IFSC code: MAHB0000002
If the Purchasing Entity is a Foreign Entity :
Payment of USD 33,000 is to be made to the following bank account:
USD Bank Account Details :
| Beneficiary Bank: | Bank of Maharashtra, |
| Fort Branch | |
| Mumbai | |
| Swift Code: MAHBINBBFRT | |
| Account No.: 60081674478 | |
| Account Name: The Board of Control for Cricket in India |
| Correspondent Bank: | Bank of New York, New York. |
| Routing No.: 021 000 018 | |
| Swift Code: IRVTUS3N | |
| Account No.: 803-3165-537 |
When the payment is made, the payment confirmation is require to be share by email to [email protected] with the subject line “Confirmation of Payment of ITT Fee for Media Rights for IPL Seasons 2023-2027” with the following details :
- Name of the Party:
- Registered Address:
- Pan No (if applicable):
- GST No (if applicable):
It is clarified that the ITT documents shall be share only upon receiving the payment and the details as mention above.
It is further clarified that the ITT must be purchase by the entity that is desiring to bid.
