BCCI invites bid for IPL title sponsorship
Team Udayavani, Jun 1, 2017, 9:54 AM IST
Mumbai: The Board of Control for Cricket in India has invited applications through its Invitation to Tender process from parties to bid for the title sponsorship rights of its cash-cow, Indian Premier League, starting August 1 and ending on 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 here 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 nd 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.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Rashtrapati Bhavan’s Mughal Gardens renamed ‘Amrit Udyan’ to open for public from January 31
Sabalenka beats Rybakina for Australian Open women’s title
Grand inauguration of Kaustubha Residency – hotel & commercial complex at Katapady on Jan 29
Related Articles More
Aussies Hijikata, Kubler win Australian Open men’s doubles
Attempts being made to create differences among people, ‘mantra of unity’ is ultimate antidote: PM Modi
2 held for cheating people on pretext of selling iphones on discounted rates
BJP releases list of 48 candidates for Tripura Assembly polls
Counsel ‘decourted’ for donning jeans in Gauhati HC