BCCI invites tender for title sponsor for IPL 2024-2028

The Board of Control for Cricket in India (BCCI) has announced the release of Invitation to Tender for Title Sponsor Rights for the Indian Premier League (IPL) Seasons 2024-2028.

"The Governing Council of the Indian Premier League (IPL) invites bids from reputed entities for acquiring the Title Sponsor Rights for the Indian Premier League Seasons 2024-2028," BCCI said in its press release.

"The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, rights and obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”)  document which will be made available on receipt of payment of a non-refundable fee of Rs 5,00,000 plus any applicable Goods and Services Tax. The procedure to procure the ITT documents is enlisted in Annexure A to this notice. The ITT will be available for purchase till January 8, 2024," it further added.

Interested parties have been requested to email the details of payment made for the purchase of the ITT to ipltitlesponsor2023.itt@bcci.tv. The ITT documents shall be shared only upon the confirmation of payment of the non-refundable ITT fee.

Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing the ITT does not entitle any person to bid, BCCI said.

The interested parties are further informed that the highest bid submitted by the parties shall be subject to Tata Sons Private Limited exercising its ‘Right to Match’ such bid (“RTM”).

"BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason," BCCI said.

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