MUMBAI, INDIA JULY 19: A view of logo of the Board of Control for Cricket in India (BCCI) during a Council meeting of the Indian Premier League (IPL) at BCCI headquarters on July 19, 2015 in Mumbai, India. (Photo by Aniruddha Chowhdury/Mint via Getty Images) BCCI invites tender for national team’s lead sponsor rights. The bid document bought for a non-refundable fee of INR 5 lakh latest by June 26.
Following BYJU’s withdrawal in the previous fiscal year. The BCCI has request proposals from reputable businesses to acquire the Indian team’s Lead Sponsor rights on June 14.
The tender process’s detailed terms and conditions, including eligibility requirements. Bid submission process, rights and obligations, and so on, are containe in the ‘Invitation to Tender’ (“ITT”), which will be made available upon receipt of a non-refundable fee of INR 5,00,000 (Indian Rupees Five Lakh Only) plus any applicable Goods and Services Tax. The ITT will remain on the market until June 26, 2023.
Interested parties are ask to email the details of their payment for the ITT to teamsponsor.itt@bcci.tv, following the protocol outlined in Annexure A. It is clarified that the ITT documents will be delivered only after payment of the non-refundable ITT fee has been confirmed.
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Any interested party who wishes to submit a bid must first purchase the ITT
However, only those who meet the eligibility criteria outline in the ITT and agree to the additional terms and conditions outline in the ITT will be able to bid. It is made clear that simply obtaining the ITT does not entitle anyone to bid.
The interest parties’ attention is drawn to Annexure B. Which lists specific brand categories in which they are not permit to bid.
The BCCI reserves the right to terminate or modify the bidding process at any time and for any cause.
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