Tata Regains IPL Title Rights, Set To Pay BCCI 500 Crores INR Per Season

Tata Regains IPL Title Rights, Set To Pay BCCI 500 Crores INR Per Season

Tata retained the title rights for the Indian Premier League (IPL). They may now be the title holders for the subsequent 5 years and might be paying Rs 500 crores to BCCI per season.



Printed: January 20, 2024 12:01 AM IST


By Nikhil

| Edited by Nikhil

IPL, IPL 2024, TATA IPL, IPL Title Rights, New IPL Title sponsor, Indian Premier League
Tata IPL (credit score: Twitter)

New Delhi: The Tata Group has successfully retained the title rights for the Indian Premier League (IPL). They may now be the title holders for the subsequent 5 years as they’ve prolonged their deal until 2028. They’re set to pay 500 crores INR to the Indian cricketing board BCCI for each season.

Tata first gained the IPL title rights again in 2022 after they overtook Vivo as the brand new Title sponsor. The upcoming version of the Indian Premier League (IPL) 2024 might be their third time period within the cash-rich league.

Lately, The Board of Management for Cricket in India (BCCI) invited bids from reputed entities for buying the rights and obligations to stage the Indian Premier League season 2024 Opening Ceremony.

The detailed phrases and situations governing the tender course of together with eligibility necessities, course of for submissions of bids, rights and obligations, and so forth. are contained within the ‘Request for Proposal’ (“RFP”) which might be made accessible on receipt of fee of a non-refundable payment of INR 1,00,000 (Indian Rupees One Lakh Solely) plus any relevant Items and Providers Tax.

The process to acquire the RFP paperwork is enlisted in Annexure A to this discover. The RFP might be accessible for buy until February 2, 2024. events are requested to e mail the main points of fee made for the acquisition of the RFP to rfp@bcci.television, as per the process laid down in Annexure A.

It’s clarified that the RFP paperwork shall be shared solely upon the affirmation of fee of the non-refundable RFP payment. Any celebration wishing to submit a bid is required to buy the RFP. Nevertheless, solely these satisfying the eligibility standards set out within the RFP and topic to the opposite phrases and situations set out therein shall be eligible to bid.

It’s clarified that merely buying the RFP doesn’t entitle any individual to bid. BCCI reserves the best to cancel or amend the bidding course of at any stage in any method with out offering any motive. IPL 2024 is more likely to be performed from the third week of March, with the ultimate schedule to return as soon as the India basic election dates are revealed by the Election Commissioner of India (ECI).



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