On Monday, the Board of Control for Cricket in India (BCCI), invited bids for acquiring the Official Partner Rights for the Indian Premier League (IPL).
The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, rights and obligations are contained in the ‘Request for Quotation’ (“RFQ”) document.
The document will be made available on receipt of payment of a non-refundable fee of INR 5,00,000 (Indian Rupees Five Lakh Only) plus any applicable GST.
The RFQ will be available for purchase till February 19, 2024. The BCCI also clarified that the RFQ documents shall be shared only upon the confirmation of payment of the non-refundable RFQ fee.
Any interested party wishing to submit a bid is required to purchase the RFQ. Satisfying the eligibility criteria set out in the RFQ is pre-requisite to be eligible to bid and merely purchasing the RFQ does not entitle any person to bid.
Tata has renewed its association as the title sponsor of IPL for Rs 2500 crore and the rights were given to it for five years.
The Tata Group also previously held the title sponsorship rights for the IPL in 2022 and 2023 and is also the title sponsor of the Women's Premier League.
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