Indian Premier League tender for the next five year cycle is the top and only item on the three-point agenda of the Governing Council, meeting at Hyderabad on Saturday. On the eve of the IPL 10 final.
Anything and everything and can only be discussed under “any other business” with the permission on the chair. The three point agenda for the meeting reads as follows:
1. Update on Tender Process
2. Finalise Tender Schedule
3. Any Other Business
However, the issue of reserve day may is also expected to come up for discussion. The debate has ignited after the rain-affected first eliminator between Sunrisers Hyderabad and Kolkata Knight Riders was decided at 1.27 am.
With the conclusion of the 10th season of IPL on Sunday all existing contracts will cease to subsist. There will be fresh bids for all IPL rights. The board is expected to seek open bids for the 2018-2022 five-year period. The tender documents will be floated immediately after the final on Sunday.
The BCCI is expecting significant rise in the value of media and sponsorship rights.
The BCCI has will be inviting combined bids for all the IPL media rights. A fresh invitation inviting tender will be floated for a 5-year cycle.
The earlier media rights tender invitation, for another ten year cycle, wasn’t opened on the scheduled date of October 25, 2016. The new IITwill now be for a collective period of just five years for combined broadcast and digital rights. The decision to bring down the rights period by five years – from 2018 to 2022 – will ensure that the rights next come up for renewal just before the International Cricket Council (ICC) media rights tender in 2023. It is being seen as a BCCI’s masterstroke by the cricket industry to eat on the ICC pie.