Estimated reading time: 2 minutes
In a significant development for the Indian Premier League (IPL), the Governing Council has initiated the process of inviting bids from reputable entities for acquiring the Title Sponsor Rights for the upcoming seasons from 2024 to 2028. This move ushers in a new era for the IPL, providing an opportunity for businesses to align themselves with one of the most prominent and widely followed cricket leagues globally.
The detailed terms and conditions governing the tender process are encapsulated in the ‘Invitation to Tender’ (ITT) document. Interested entities are required to acquire this document, and it comes at a non-refundable fee of INR 5,00,000 (Indian Rupees Five Lakh Only), plus any applicable Goods and Services Tax. The ITT document will be available for purchase until January 8, 2024. To facilitate the procurement of the ITT, interested parties are instructed to follow the procedure outlined in Annexure A to this notice.
“Crucially, the ITT documents will be shared only upon confirmation of the payment of the non-refundable ITT fee. While any interested party can purchase the ITT, eligibility to bid is contingent upon meeting the criteria specified in the ITT and complying with other stipulated terms and conditions. The mere acquisition of the ITT does not confer the right to submit a bid”.
It is noteworthy that certain brand categories in which interested parties cannot bid are outlined in Annexure B. Prospective bidders are advised to carefully review this section to ensure compliance with the specified restrictions.
“A noteworthy provision in the bidding process is the involvement of Tata Sons Private Limited’s ‘Right to Match’ (RTM). The highest bid submitted by parties will be subject to this RTM, as detailed in Annexure C. This adds a layer of complexity and strategy to the bidding process”.
However, interested parties must be aware that the Board of Control for Cricket in India (BCCI) retains the right to cancel or amend the bidding process at any stage, in any manner, without providing a specific reason.
Latest Stories
Uttarakhand Chief Minister Pushkar Singh Dhami extends heartfelt congratulations to all students who successfully passed the high school and intermediate examinations conducted by the Uttarakhand School Education Council. Dhami acknowledges their hard work…
Click here to Read moreIn a world where fashion often revolves around trends, Kareena Kapoor stands out as a trendsetter. Recently, as she was spotted jetting off from Mumbai airport, she once again proved her fashion prowess…
Click here to Read moreThe India Meteorological Department (IMD) has issued a weather forecast indicating the likelihood of heavy to very heavy rainfall in Nagaland, Manipur, Mizoram, and Tripura on May 2, 2024. According to the IMD's…
Click here to Read more"Yeh Rishta Kya Kehlata Hai" stands as a timeless gem on Indian Television, captivating audiences through its enduring saga. Amidst its fourth generational leap, actors Rohit Purohit and Samridhii Shukla have seamlessly stepped…
Click here to Read moreArjun Bijlani is gearing up to make a comeback on Colors TV with an intriguing reality show. Recently, the actor shot a promo for a cooking-based reality show alongside Karan Kundrra. In an…
Click here to Read moreAn earthquake with a magnitude of 4.7 rattled the Bay of Bengal region early morning on April 30, 2024. The seismic event occurred at 00:38:32 IST, with its epicenter located at Latitude 17.46…
Click here to Read moreThe Great Indian Kapil Show: The anticipation is palpable as the Deol brothers— Sunny, and Bobby—are all set to make a charismatic appearance on Kapil Sharma's celebrated show. Following their triumphant run at…
Click here to Read more"Ruslaan" sees a mixed response at the box office, with single screens showing promise while multiplexes lag behind. Day 4's earnings match Day 1's, signaling stability. However, the overall four-day total remains disappointingly…
Click here to Read moreDirector Jayprad Desai, recognized for his gripping narratives in films like “Kaun Pravin Tambe?”, “Mukhbir,” and “Phir Aayi Hasseen Dillruba,” ventures into a new cinematic realm. His upcoming project explores the compelling narrative…
Click here to Read more"Madgaon Express" chugs along at the box office, showcasing a consistent performance over several weeks. Here's a breakdown of its business: Week 1: ₹13.85 crore Week 2: ₹6.48 crore Week 3: ₹6 crore…
Click here to Read moreDespite a lack of major releases, "Maidaan" inches closer to the ₹50 crore mark, but overall box office numbers still fall short of expectations. In a nutshell, here's the box office performance of…
Click here to Read moreJudges Madhuri Dixit and Suniel Shetty, along with host Bharti Singh, graced the sets of the talent show "Dance Deewane." Madhuri Dixit stole the spotlight, exuding elegance in a black symphony lehenga set.…
Click here to Read moreRanbir and Alia's joy knows no bounds with the arrival of their daughter, Raha, solidifying their status as one of Bollywood's most beloved couples. Fans eagerly await glimpses of their little one, and…
Click here to Read moreSidharth Malhotra and Kiara Advani continue to captivate Bollywood fans with their love story, setting relationship goals with every public appearance. Recently, the couple embarked on a vacation to Goa with their close…
Click here to Read moreDisney delighted fans on Monday, April 29, by dropping the teaser trailer for "Mufasa: The Lion King," the prequel to the 2019 blockbuster remake. Directed by Barry Jenkins, the teaser provides a glimpse…
Click here to Read moreAnupam Kher took to Twitter to announce the contribution of the immensely talented lyricist, Kausar Munir, to his directorial venture "Tanvir The Great." In his tweet, Kher expressed his happiness, delight, and honor…
Click here to Read moreRanbir Kapoor and Alia Bhatt continue to charm Bollywood with their adorable relationship, often seen expressing their love publicly. Recently, the couple attended a Super League match in Mumbai, radiating joy and enthusiasm…
Click here to Read moreArti Singh's Wedding: Arti Singh and Dipak Chauhan exchanged vows in a magnificent ceremony at the Iskcon Temple, Mumbai, on April 25. The festivities, from vibrant mehendi and sangeet ceremonies to the opulent…
Click here to Read moreAfter her stint on "Bigg Boss 17'', Khanzaadi, also known as Firoza Khan, has been rising in popularity, despite initial challenges. Now, she's seizing numerous career opportunities. Recently spotted in the city, Khanzaadi…
Click here to Read moreGet ready for a riveting adventure as "The Three Musketeers: Milady" charges into Indian cinemas on May 17, 2024. This highly anticipated second and final installment of the thrilling Three Musketeers franchise stars…
Click here to Read moreWays to Strengthen the Bond with Your Child: we understand the significance of nurturing a strong bond between parents and children. Strengthening this bond not only fosters emotional well-being but also contributes to…
Click here to Read moreThe India Meteorological Department (IMD) issues a weather warning for Himachal Pradesh and Uttarakhand, cautioning of adverse weather conditions expected on April 29, 2024. According to the IMD forecast, isolated areas in both…
Click here to Read moreThe Bidaai, a poignant moment in any woman's life, evokes strong emotions, and Arti Singh's recent farewell was no exception. Following her wedding to Dipak Chauhan on April 25, a video capturing Arti's…
Click here to Read moreChief Minister Yogi Adityanath of Uttar Pradesh extends warm congratulations and best wishes to Defense Minister Rajnath Singh for filing his nomination for the upcoming Lok Sabha elections in Lucknow. Singh's decision to…
Click here to Read morePrime Minister Modi extends his heartfelt tribute to Sri Guru Teg Bahadur Ji on the auspicious occasion of his Parkash Purab, recognizing him as a beacon of courage, compassion, and selflessness revered by…
Click here to Read moreA lively dance performance by UPSC second topper Animesh Pradhan from Odisha has taken social media by storm. In a throwback video shared on X platform on April 22, Animesh showcases his dancing…
Click here to Read moreThe India Meteorological Department (IMD) has issued a weather alert for Haryana, cautioning residents of the state to brace for adverse weather conditions on April 29, 2024. According to the IMD forecast, strong…
Click here to Read moreIn today’s digital era, viral dance videos are commonplace, drawing varied reactions from viewers. A recent viral video showcasing a group of women dancing and singing inside the Delhi Metro has sparked mixed…
Click here to Read moreThe office of Delhi's chief electoral officer rebutted the Aam Aadmi Party's assertion regarding the Election Commission's purported ban on their Lok Sabha campaign song "Jail Ka Jawab, Vote Se Denge", dismissing it…
Click here to Read moreA video circulating today has captured widespread attention as it shows an Indian farmer calmly taking a selfie with a leopard. This unprecedented act has left netizens stunned, given the inherent danger of…
Click here to Read moreKnown for her serene presence, Aditi Rao Hydari captivates hearts with her grace and style. Recently, the "Heeramandi" actress mesmerized fans with surreal images showcasing her love for Indian craftsmanship on Instagram. Aditi…
Click here to Read moreThe Indian Meteorological Department (IMD) has issued a warning of Heat Wave to Severe Heat Wave conditions in isolated pockets of Rayalaseema and heat wave conditions likely in several states across India on…
Click here to Read morePower Couple Katrina and Vicky: Amidst their hectic schedules, Bollywood's power couple Katrina and Vicky took a quick holiday to London. Recently, they were spotted posing for a selfie with a fan, radiating…
Click here to Read moreAs anticipation builds for Sonakshi Sinha's appearance in Sanjay Leela Bhansali's "Heeramandi: The Diamond Bazaar," the actress recently offered insights into her life in an exclusive chat. Known for her roles in Bollywood…
Click here to Read moreAssam Chief Minister Himanta Biswa Sarma heralds a new era of merit-based employment opportunities, proclaiming an end to the prevalent culture of bribery and recommendations for government jobs. In what he dubs "New…
Click here to Read moreCommuters in Delhi are urged to be aware of traffic disruption on Mathura Road, particularly in the carriageway from Badarpur towards Ashram, owing to a bus breakdown. This unexpected incident has led to…
Click here to Read moreDirected by Kiran Rao, "Laapataa Ladies" made its theatrical debut on March 1, 2024, earning widespread praise from both critics and audiences. The film's Netflix release on April 26 further extended its reach,…
Click here to Read moreAssam Chief Minister Himanta Biswa Sarma unveiled the inaugural glimpse of the ambitious Integrated Terminal project at LGBI (Lokpriya Gopinath Bordoloi International) Airport in Guwahati. Sarma's announcement marks a significant milestone in the…
Click here to Read moreTamannaah Bhatia, known for her versatility, is gearing up for a grand return to the big screen after 'Jailer'. With an array of intriguing projects in her pipeline, fans eagerly anticipate her upcoming…
Click here to Read moreBefore his nomination, Uttarakhand Chief Minister Pushkar Singh Dhami engaged in a significant meeting with Union Defense Minister Rajnath Singh at the BJP State Office in Lucknow, Uttar Pradesh. The gathering, attended by…
Click here to Read moreActor Aftab Shivdasani recently stirred nostalgia among fans as he shared a series of photos with his 'Awara Paagal Deewana' co-star, Akshay Kumar. The duo, set to reunite for their upcoming film 'Welcome…
Click here to Read moreIn a diplomatic exchange, Chief Minister Yogi Adityanath of Uttar Pradesh welcomed H.E. Mrs. Marie Louisa Gerards, Ambassador of the Kingdom of Netherlands, for a courtesy meeting in Lucknow. The encounter serves to…
Click here to Read more