×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

WSG outbids Percept and Nimbus to secure cricket rights

WSG outbids Percept and Nimbus to secure cricket rights
Comment E-mail Print Share
First Published: Mon, Aug 27 2007. 05 21 PM IST
Updated: Mon, Aug 27 2007. 05 21 PM IST
PTI
Mumbai:The Cricket Board has sold the ground and title naming rights for 55 Tests and ODIs to be played in India in the next 31 months beginning 1September, 2007 to the World Sports Group (WSG) for Rs173.25 crore.
WSG, part of the Global Cricket Corporation based in Hong Kong, London and Singapore, outbid two other competing Indian firms, Percept and Nimbus - to secure the rights till March, 2010, BCCI vice-president and marketing committee chief Lalit Modi told reporters here today.
“The WSG consortium has won the rights from among four bidders including 21st Century Media which was disqualified as they had not submitted all the necessary documents,” Modi said.
The BCCI official said that the winning bid was just over the base price of Rs3 crore per match set by the board for the bidding process.
“There will be 55 matches covered by the bid. The winning bid is three times over the last contracted bid which was Rs 1crore per match,” Modi said.
Modi also said that the bids for the other rights, including for Twenty20 Internationals to be played in India and domestic cricket, were still “being negotiated”.
The deadline for submitting the bid ended at 12 noon today after which they were opened in front of the bidders and the members of the BCCI’s marketing committee.
Comment E-mail Print Share
First Published: Mon, Aug 27 2007. 05 21 PM IST