BCCI postpones IPL media rights tender process in wake of SC order
BCCI says SC-appointed Lodha committee will decide on IPL media rights tender process
Latest News »
- World Bank raises $500 million with ‘pandemic bonds’
- Uncertainty looms over pub capital Bengaluru
- GST: Snack sales likely to be hit as higher tax may force makers to hike prices
- US labour secretary calls for increasing salary of H1B visa holders
- Axis Bank shares gain 4% after it declares 80% bad loans as secured
New Delhi: The Board of Control for Cricket in India (BCCI) will not be able to conduct the tender process to award IPL media rights as scheduled on Tuesday, the board said in a statement late on Monday night. A new date is yet to be announced.
The bidding process has been derailed after the Supreme Court on Friday severely curtailed BCCI’s financial powers, stopping it from disbursing funds to state cricket associations until they comply with the recommendations of a court-appointed panel and put in place a threshold for contracts that the board can enter into.
In view of the aforesaid directions, the board said, it wrote to the Lodha committee on 21 October as the committee has been entrusted by the Supreme Court with “the mandate of overseeing the tender process and in effect is now the custodian of the IPL tender process and has to take all actions to safeguard the IPL tender and the interest of BCCI and cricket in India.”
The Lodha committee will issue its directives after its meeting, BCCI said.
“The BCCI ... has so far at the time of going to Press, not received any further directions from the Committee, which is now the custodian of the entire process and has been tasked with the duty to ensure that the tender process is undertaken in a professional and transparent manner with least inconvenience to all stakeholders. Once the BCCI receives a response from the Committee it shall bring the same to the notice of all stakeholders as the BCCI is currently not in a position to take any decision in the matter other than what the Committee recommends. In the absence of permission from the Committee to go ahead with the process scheduled for tomorrow, the BCCI is unable to do so,” read the statement from the board.
The Supreme Court-appointed Lodha committee earlier on Monday had sought clarity from the Cricket Board about the duration of the media rights contracts.
The BCCI’s global media rights tender which comprises broadcast, mobile and Internet rights was supposed to be opened in Mumbai on Tuesday with 18 companies, including new media companies like Facebook, Amazon and Twitter, buying tender documents.
The Lodha panel, headed by former chief justice of India R.M. Lodha and comprising former Supreme Court judges Ashok Bhan and R. Raveendran, was constituted by the apex court to clean up BCCI in the wake of the 2013 Indian Premier League (IPL) betting and spot-fixing scandal.