MEDIA ADVISORY
December 12, 2023
Board of Control for Cricket in India (BCCI) announces the release of Invitation to Tender for Title Sponsor Rights for the Indian Premier League 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.
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 INR 5,00,000 (Indian Rupees Five Lakh Only) 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.
Interested parties are requested to email the details of payment made for the purchase of the ITT to ipltitlesponsor2023.itt@bcci.tv, as per the procedure laid down in Annexure A. It is clarified that 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.
The attention of the interested parties is brought to Annexure B which details certain brand categories in which the interested party cannot bid.
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”). The details of the RTM are provided in Annexure C.
BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason.
JAY SHAH
Honorary Secretary
BCCI
ANNEXURE A
PROCEDURE TO PROCURE THE ITT DOCUMENTS
The ITT document can be purchased as per the following procedure:
USD Bank Account Details:
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Beneficiary Bank: |
Bank of Maharashtra, |
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Overseas Branch |
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Mumbai |
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Swift Code: MAHBINBBOVM |
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Account No.: 60081674478 |
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Account Name: The Board of Control for Cricket in India |
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Correspondent Bank: |
Bank of New York, New York. |
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Routing No.: 021 000 018 |
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Swift Code: IRVTUS3N |
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Account No.: 803-3165-537 |
Once the payment is made, the payment confirmation is required to be shared by email to ipltitlesponsor2023.itt@bcci.tv with the subject line “Confirmation of Payment of ITT Fee for Title Sponsor Rights for IPL Seasons 2024-2028” along with the following details:
Name of the Party:
Registered Address:
Pan No (if applicable):
GST No (if applicable):
It is clarified that the ITT documents shall be shared only upon receiving the payment and the details as mentioned above. It is further clarified that the ITT must be purchased by the entity, or any of its Group companies, that is desiring to bid.
Annexure B
Prohibited Brand Categories
Annexure C
Right To Match
