HomeIPL 2022 NewsIPL media rights tender out, e-auction on June 12

IPL media rights tender out, e-auction on June 12

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In today’s digital age, media is of paramount importance. The IPL is currently the biggest match in the world of cricket. The BCCI has invited applications from various companies for the channels on which the matches will be aired. The BCCI has announced that the company will hold an e- auction to decide on which channel the telecast of this year’s IPL match will be aired.

Until then, Star Sports Network had all the rights to show IPL matches from 2017 and online live streaming rights on Disney Plus. Now the contract is getting over between the star sports network and BCCI.

Before starting the 15th season of IPL, there was a lot of confusion regarding media rights. The matter reached the court for delaying the decision. In the end, BCCI has issued new IPL Media Rights from 2023 to 2027. The Board of Control for Cricket in India has issued a press note in which it was said that institutions are invited for bids for media rights.

E-Auction

Jay Shah, the BCCI secretary has officially announced the media rights of IPL on Twitter. For the first time in IPL history, BCCI will arrange e-auction for the new bidders and the process will start on June 12. This time two new teams have joined the IPL.

Mr. Shah said,

“I’m pleased to announce that BCCI has issued the tender document for media rights for seasons 2023-2027. With 2 new teams, more matches, more engagement, more venues, we are looking to take TataIPL to newer and greater heights.”

Further, he said,

“The tender document is now available for purchase. For the first time in IPL history, the media rights will be e-auctioned. The e-auction will commence on June 12th, 2022.”

More teams, many matches, more income.

A total of 74 matches are being played instead of 60 with the inclusion of Lucknow Super Giants and Gujarat Titans. The addition of two new teams in the IPL will increase the income of BCCI. It is being speculated that the earnings of BCCI can increase up to 50 thousand crores. At present, the media rights of IPL are with Star Sports Network. While online live streaming rights Disney Plus.

On Tuesday, the BCCI has issued the new tenders for Media Rights (IPL Media Rights). Companies have been given time till May 10 to apply. ITT documents have to be purchased for auction. Also, the BCCI said that the full details of the payment made for the purchase of ITT should be emailed to iplmediarights2022@bcci.tv.

Many big organizations in the country can participate in this to buy new media rights. This tender will be from 2023 to 2027. That is, it will be valid from 2023 to 2027. Entities applying for the new media rights of IPL will have to deposit at least Rs 25 lakh. But, this amount will not be refunded.

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