The deadline for bids is due on February 21 wherein prospective bidders have the option to choose between a five or three-year cycle
The Board of Control for Cricket in India (BCCI) has set a comprehensive base price of Rs 2,700 crore for the six associate and three special partner slots in the Indian Premier League (IPL) after securing a Rs 2,500 crore deal with Tata Sons for the IPL title sponsorship, according to media reports.
Each of the six associate partners has a base price of Rs 65 crore per year for 74 matches, amounting to Rs 1,950 crore over five years. Additionally, the base prices for other partnerships including orange and purple cap, umpire and strategic timeout are set at Rs 60 crore, Rs 50 crore and Rs 40 crore per year, respectively for 74 matches with a cumulative base price of Rs 750 crore for five years.
The deadline for purchasing the RFQ (request for quote) document is February 19 and bids are due on February 21.
Prospective bidders have the option to choose between a five-year or three-year cycle. While bids can be submitted for 84 and 94 matches, the winning bid will be determined based on the highest bid for the 74 matches. It's important to note that BCCI retains the right to accept the best offer and is not obligated to accept the highest monetary offer.
The upcoming IPL 2024 season is scheduled to feature 74 matches and the subsequent 2025-28 seasons may comprise 74, 84 or 94 matches. The base prices for the 84 and 94 match seasons vary for the six associate partnership slots and special partner slots.
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