BCCI to float media rights of IPL 2023-2027 tender through e-Auction
The Board of Control for Cricket in India (BCCI) has announced a bidding for the media rights to the Indian Premier League (IPL) for the 2023-2027 cycle, anticipating a windfall with ten teams in the competition. The media rights will be sold via e-auction for the first time in the league's history.
BCCi secretary Jay Shah acknowledged the e-auction procedure and expressed optimism that the media rights pricing will reflect the IPL's phenomenal expansion as the sport's most popular franchise-based league.
I'm pleased to announce that @BCCI has issued the tender document for @IPL media rights for seasons 2023-27. With 2 new teams, more matches, more engagement, more venues, we are looking to take #TataIPL to newer and greater heights.— Jay Shah (@JayShah) March 29, 2022
According to Jay Shah's tweet, he said, "I'm pleased to announce that BCCI has issued the tender document for IPL media rights for seasons 2023-27. With 2 new teams, more matches, more engagement, more venues, we are looking to take #TataIPL to newer and greater heights."
The e-auction will begin on June 12th, with the deadline for acquiring Invitation To Tender (ITT) paperwork set for May 10th.
According to rumours in the media, the BCCI will divide the media rights tender into five bundles.
- Package A) Global Rights Television,
- Package B) Global Digital Rights,
- Package C) Rest of World Rights (both broadcast and digital),
- Package D) Television Rights Sub-Continent, and
- Package E) Digital Rights Sub-Continent are some of the options.
Through a tender procedure, the IPL Governing Council is seeking offers from reputable businesses to buy the media rights for the IPL 2023 to 2027 seasons. The ITT contains the precise terms and conditions regulating the tender process, such as eligibility requirements, bid submission procedures, proposed media rights packages, obligations, and so on.