Thursday, December 2, 2021

IPL media rights tender likely to be delayed further there are many reasons – Latest Cricket News


The issuance of media rights tender for the Indian Premier League (IPL) may take more time, which is already getting delayed. According to ‘Cricbuzz’, there can be three important reasons for the continuous delay in issuing the tender, which is expected to fetch around Rs 30,000 crore to the Board of Control for Cricket in India (BCCI). The first reason for this is believed to be the uncertainty surrounding the 10th IPL franchise. It is noteworthy that BCCI had said in a statement recently that CVC Sports has won the Ahmedabad franchise, but there has been a bottleneck in its bidding and due to this, the letter of intent has not been issued to it yet.

The second reason is believed to be the confusion of BCCI regarding the auction process. In fact, the board is in a state of confusion whether to go for e-auction or opt for closed bidding. Some argue that the closed bidding can get him a lot of money from the party, which is desperate to bid. A clear example of this is Sanjeev Goenka’s RPSG Group, which recently placed a bid of Rs 7090 crore for the Lucknow franchise, much higher than any potential competitor. His bid was Rs 1500 crore more than the second highest bid.

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It is understood that the highest bidder in an e-auction may be only marginally higher than the closest competitor, although e-bidding has its advantages, especially when there are multiple parties willing to bid equally. An upcoming channel from Star, Sony-G and Jio, all three potential bidders in the country for the IPL media rights tender, is expected to face a tough competition. Cricbuzz believes that the third reason could be the BCCI’s Annual General Meeting (AGM) to be held on December 4 to form a new IPL governing council with three new members.

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A BCCI official, however, declined to comment on the reason for the delay in the media rights tender, while parties close to a settlement said it would take some more time due to the current status of the CVC’s bidding. It is noteworthy that the BCCI had recently announced that the media rights tender would be floated soon after the announcement of the two new IPL teams at the end of October, but now it can come only next month.

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