Internet Desk: The BCCI will open the tender process for Indian Premier League’s title sponsorship rights for the next five-year term on May 31. IPL’s present title sponsorship holder VIVO’s rights ends after this year’s tournament.
The governing council of of Indian Premier League met on Saturday to discuss about the timelines of various tender process.
Beside the office bearers, Supreme Court appointed Committee of Administrators (CoA) members Vinod Rai, Vikram Limaye and Diana Edulji were also present in the meeting.
After due deliberations and considering all aspects the IPL GC, with the concurrence of the CoA, decided the following: The IPL title sponsorship Invitation to Tender will start on May 31, 2017; The Request for Proposal (RFP) for IPL Event Services contract will be floated on June 12; The IPL Media Rights Invitation to Tender on the next rights period will commence on July 17. All the three processes shall be for the next five-year cycle.
IPL chairman Rajeev Shukla said: “I’m pleased that both the governing council and CoA members have finalised the timelines for the next rights period. If the success of 2017 season is an indication, I believe we will be able to get the best value and service for the world’s premier Twenty20 extravaganza.
“The early announcement will also help the prospective bidders/service providers to prepare well.”
Vinod Rai, CoA chairman said: “I’m confident about the process and would like to assure all prospective participants the highest level of transparency and accountability.”