BCCI Media rights Update: Day 2 closes with ₹6,032 crore bid

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BCCI Media rights Update: Day 2 closes with ₹6,032 crore bid

The Board of Control for Cricket in India media rights bid has reached a whopping ₹6,032.50 crore at the end of the e-auction process on Day Two.

The BCCI will be awaiting a bigger windfall as the e-auction process will resume at 11 am on Thursday.

The last bid on Day Two at 6.30 PM has an offer of ₹ 6,032.50 crores for the Consolidated Rights – this amounts to a per match value of ₹59.14 crore. The figure has already made the Indian Premier League per match record value of ₹55 crore a thing of the past.

The previous update at 5.30 pm was priced at ₹6003.9 crore.

The bidding process for the 102-game BCCI FTP over the next five years (2018-2023) is still on. There is a feeling within the BCCI that the final bid may touch the magic number of ₹6,500 crore for the consolidated rights. “The bidders are taking their own time, but there is an aggression in the bidding trends. We initially had expected a 10-15 per cent premium over the previous per match value, but now we see it certainly going past the ₹60 crore mark, maybe touching the ₹63 crore figure,” a senior BCCI official told insidesport.co.

Star India has been paying the BCCI ₹ 43.3 crore per game since April 2014. The 21st Century Fox-owned broadcaster had last year committed an awe-inspiring ₹55 crore per IPL match as it made the ₹ 16,347.5 crores successful bid to pocket the consolidated media rights for cricket world’s biggest commercial event.

The bidding process will resume at 11 AM tomorrow (Thursday).

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Below are the previous updates of the BCCI Media Rights E-auction Day 2:

Update at 4:30 pm

The bid reaches ₹ 6,001 crores !!!!

The Board of Control for Cricket in India media rights bid has left behind the Indian Premier League in per match value.

The e-auction process at 4.30 PM has registered the latest bid for ₹ 6,001 crores – this amounts to a per match value of ₹58.83 crore per match. The per match value for the 102-game BCCI FTP over the next five years (2018-2023) has now surged past the IPL bench march by ₹ 3.83 crores per match.

Star India at an average has committed ₹55 crore per match as part of its ₹ 16,347.5 crore IPL media rights deal.

The bidding process is still on and the BCCI will be waiting for another windfall.

Update at 3:40 pm

The Board of Control for Cricket in India media rights bid has left behind the Indian Premier League in per match value.

The e-auction process at 3.40 PM has registered the latest bid for ₹ 5,748 crores – this amounts to a per match value of ₹56.35 per match. The per match value for the 102-game BCCI FTP over the next five years (2018-2023) has now surged past the IPL bench march by ₹ 1.35 crore per match.

Star India at an average has committed ₹55 crore per match as part of its ₹ 16,347.5 crore IPL media rights deal.

The bidding process is still on and the BCCI will be waiting for another windfall.

Update at 3:00 pm

The Board of Control for Cricket in India media rights bid now is heading towards surpassing the Indian Premier League in per match value.

The e-auction process at 3 PM has registered the latest bid for ₹ 5,488.30 – this amounts to a per match value of ₹53.80 per match. This is now a mere ₹1.20 crore shy of the IPL per match value.

Star India at an average has committed ₹55 crore per match as part of its ₹ 16,347.5 crore IPL media rights deal.

Update at 2:00 pm

Latest consolidated bid reaches ₹ 4565.20 crores

Update at 1:00 pm

The bid for Global consolidated rights reaches ₹ 4517 crores

Click here for Day 1 action of the BCCI Media Rights E-auction.

The e-auction process had started at 2 p.m. yesterday (Tuesday) with Reliance Group-owned Jio Infocom joining the sports broadcast majors – Star India and Sony Pictures India Network.

The final bid on Tuesday was recorded at ₹ 4,442 crore, which amounts to a mere ₹ 43.55 crores per match as per the 102-game FTP during the rights period between April 2018 and March 2023. Incumbent Star India has been paying the BCCI ₹43.20 crore since April 2014. The bid price has merely crossed by few lakhs over what BCCI was getting from its existing deal.

The bidding for Global Consolidated Rights Package has started at ₹ 4,176 crores.

The bids on Tuesday have come only for the Global Consolidated Rights package. There has been no interest for the Global Television Rights plus Rest of the World Digital Rights Package, which has started at ₹ 3,402 crores; and the Indian Sub-continent Digital Rights Package (base price ₹732 crore).

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