Home / Cricket / BCCI invitations bids for package sponsor and official merchandising companion rights
Under the Invitation to Tender (ITT), the profitable bidder can be granted the proper to be the package sponsor and/or the official merchandising companion and varied different related rights (as outlined within the ITT).
Updated: Aug 03, 2020 14:32 IST
A policeman walks previous a emblem of the Board of Control for Cricket in India (BCCI) throughout a governing council assembly of the Indian Premier League (IPL) at BCCI headquarters in Mumbai April 26, 2010. REUTERS/Arko Datta/File Photo(REUTERS)
The Indian cricket board on Monday invited bids for the group’s package sponsor and official merchandising companion rights via a young course of to switch outgoing sponsor Nike. The group’s present attire sponsorship right holders Nike’s contract is about to run out subsequent month. The sports activities attire large had a four-year take care of the BCCI for 370 crore with a royalty of 30 crore.
Under the Invitation to Tender (ITT), the profitable bidder can be granted the proper to be the package sponsor and/or the official merchandising companion and varied different related rights (as outlined within the ITT). “The terms and conditions governing the submission and evaluation of bids including eligibility requirements and performance obligations are contained in the ITT which will be available from August 3, 2020 on receipt of payment of the tender fee of Rs One lakh,” a BCCI launch stated.
The ITT will stay for buy until August 26. “The BCCI reserves the right at its discretion to cancel or amend the bidding process at any stage without providing any reason. Merely buying the ITT does not entitle the purchaser to bid, but to bid the purchaser must buy the ITT in the name of the person/entity desiring to bid,” the launched acknowledged.
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