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BCCI invites tender for IPL sponsorship for 4-month interval

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The new IPL title sponsor to exchange Chinese phone company Vivo will maintain the rights for under a four and a half month interval and the best bid could not essentially find yourself being the successful one, the BCCI acknowledged on Monday.

Vivo, which had a Rs 440 crore per 12 months deal for 5 seasons, has suspended its partnership with the Board because of the Sino-India border stand-off. BCCI floated the tender invite for a brand new sponsor on Monday.

Secretary Jay Shah introduced a 13-point clause for submission of the bids from “third events” and the winner will likely be introduced on August 18. The final date for submission of bids is August 14.

“The Rights can be found for the interval from August 18, 2020 to December 31, 2020,” the BCCI press launch acknowledged.

“Particulars concerning the Rights and product classes wherein the Rights can be found will likely be supplied solely to events who submit the EOI and are discovered eligible,” it acknowledged.

The BCCI additionally acknowledged that bidding the best quantity could not fetch the rights for a corporation if the board isn’t glad with its plans on commercialising its most valuable property.

 

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