BCCI invites bid for Indian Premier League title sponsorship
The ITT (for Indian Premier League title bid) will be available at a non-refundable cost of Rs 3 lakh from June 1 to 21 at the BCCI headquarters and the bids need to be submitted at 12 noon on June 27 at a place specified in the document or at any other place as decided and intimated by the Board.Updated: May 31, 2017 15:12 IST
The Board of Control for Cricket in India has invited applications for the tender process, inviting parties to bid for the title sponsorship rights of the Indian Premier League (IPL) for the period between August 1, 2017 and July 31, 2022.
The ITT will be available at a cost of Rs 3 lakh on non-refundable basis from June 1 to 21 at the BCCI headquarters and the bids need to be submitted at 12 noon on June 27 at a place specified in the document or at any other place as decided and intimated by the Board.
As per the ITT, issued as a newspaper advertisement by BCCI, the Board reserves the right at its discretion to cancel or amend the entire bidding process at any stage.
Chinese mobile firm Vivo had bagged the title sponsorship right of the T20 League for a two-year period (2016 and 2017), reportedly at a cost of Rs 100 crore per year, an upward rise of Rs 20 crore annually from what beverage giant Pepsi had paid through an earlier agreement beginning 2013.
The firm that wins the next bid will be the title sponsors of IPL for the next five seasons beginning 2018.
First Published: May 31, 2017 14:52 IST