New Delhi: BCCI is set for a giant proportion of the proportion of the broadcast of IPL (TV and Digital) can take the board up to USD 5 billion for the next five-year cycle (2023-2027) while some high profile flowers are being seen in the bidding process for two new teams.
The current five-year (TV and Digital) rights for IPL from 2018 to 2022 are with Indian stars but according to people who are in the capacity of decision making, assessment, namely RS 16,347.50 Crore (USD 2.55 billion) at this time , it can be more than doubled and reached USD 5 billion (around RS 36,000 Crore roughly at the current exchange rate).
“There is a well-known company in a well-known company that sent BCCI flavoring some time ago, expressing their serious interest in offers for IPL media rights.
With 10 IPL playing teams from 2022, the match will rise to 74 and in any case, property rating Increases, “said a senior BCCI official to PTI about the condition of anonymity.
“But with two new teams it will take anything between Rs 7000 Crore to 10,000 crores, the allistation will certainly shoot through the roof.
So estimate the rights of IPL broadcasts to go for anything above USD 4 billion and maybe up to USD 5 billion,” Officials in knowing those things.
Every foreign company that shows interest in buying IPL properties needs to have Indian wings.
The last time around, there were only two major players on TV and the market for digital media rights with Star India defeated Sony, who held the rights of 2008-2017.
Stars have bid by almost Rs 5300 Crore more because Sony’s final composite offer is Rs 11,050 Crore (USD 1.47 billion).
Star India is a subsidiary that is fully owned by Walt Disney Company India.
BCCI usually categorizes various broadcast securities such as TV, digital (streaming), radio, and social media but the last time, it allows separate and one composite offer.
Anywhere can also bid separately but if the assessment of a single composite offer is more than a cumulative number of single offers, which is considered by the Board.
BCCI is set to release a tender invitation in Dubai on October 25, on the same day when the two new IPL teams will also be announced.
BCCI expects a strong offer from Indian stars and also Sony, who wants to get an IPL property in his bouquet.
The owner of Manchester United Family Glazer took the IPL team offer document, senior official also confirmed that the Glazer family, who has Manchester United, has taken an offer document because October 20 is the last day.
“Yes, Glazer has taken a bid document.
Obviously, the IPL is now a sports property and a globally recognized international company will be interested.” Whether they will bid at all or whether they are then interested in buying shares in the IPL there are teams, we don’t know, “said the senior official.
IPL offer documents cost Rs 10 lakh and many business houses and houses of large companies buy bid documents only To analyze business prospects.
There is a personal trend of the company, which is flushed with cash, shows interest but still have to be seen how much entered in the offer, which will be opened on October 25, a day after the T20 World Cup match between India and Pakistan.
BCCI expects what Even between RS S Take the Rajasthan Royals IPL franchise.
When PTI has reported some time ago, several U players Tama who can bid the new IPL team is the Adani, Box, Pharmaceutical Department of Aurobindo and Torrent Group, and the IDR-Sanjiv Goenka Group.
BCCI allows the consortium and company with an annual turnover of Rs 3000 Crore to bid the team.
The basic price for the new IPL team is set at Crore INR 2000.
Will the former Cricketer India become the owner of the first IPL team? The former former former Indian cricket and great star of the Indian World Cup victory may join one of the consortiums as minority stakeholders with their investments.
“Yes, a very famous Cricketer has shown active interest to be part of a new franchise.
Yes, he wants to invest his own money and become part of the consortium.” He wants to be a minority stake holder but also with his experience, he wants to make a cricket decision.
Whether one of the new business houses will approve such a proposal to still be seen, “said the source.