IPL broadcast rights to be sold via tender

The television and digital media rights for the IPL are up for sale after Sony’s 10-year deal ends next year.

ipl, broadcast rights

The Sunrisers Hyderabad won the IPL 2016.   -  K. Murali Kumar

The Board of Control for Cricket in India (BCCI) is hoping to rake in the moolah from the Indian Premier League (IPL) for the next ten years by throwing open the telecast rights beginning Monday.

The television and digital media rights for the IPL are up for sale after Sony’s 10-year deal ends next year. While the new deal would see broadcasters' bid for television rights in the Indian subcontinent for 10 years (2018-27), the digital rights would be bid for five years. The overseas rights, spread across various territorial groups, divided into six categories, would also be for five years.

Detailing the process, BCCI CEO Rahul Johri said the participation amount had been kept at $10,000 and the participants had to submit their offers in two sets – for fulfilling the eligibility criteria and the financial bid.

“Only those who are deemed eligible will be considered for the financial bid and the rest will be returned their proposals unopened,” Johri said, adding that the highest bid would not be the only consideration for a final decision.