BCCI announces release of Invitation to Tender for Media Rights for IPL 2023-2027 | Cricket News – Times of India

MUMBAI: The Board of Control for Cricket in India (BCCI) on Tuesday announced the release of Invitation to Tender for Media Rights for the hugely popular Indian Premier League (IPL) between 2023-2027.
“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 detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, proposed media rights packages, and obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of non-refundable fee of INR 25,00,000 (Rupees Twenty-Five Lakhs Only) plus any applicable Goods and Services Tax. The procedure to procure the ITT documents is enlisted in Annexure A to this document. The ITT will be available for purchase till May 10, 2022,” the BCCI said in a release.

In a series of tweets, BCCI secretary Jay Shah 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 Tender document is now available for purchase. For the first time in @IPL history, the media rights will be e-auctioned. The e-auction will commence from June 12th, 2022 #TATAIPL.” “I’ve no doubts that with this process there will not only be revenue maximisation but also value maximisation, which will benefit India Cricket immensely #TATAIPL.”