BCCI announces release of RFQ for official partner rights for IPL

  • Earlier, the title sponsorship rights for the Indian Premier League (IPL) was awarded to TATA Group for a period of five years

Livemint
First Published29 Jan 2024, 06:17 PM IST
 The RFQ will be available for purchase till February 19, 2024.
The RFQ will be available for purchase till February 19, 2024.(IPL)

The Governing Council of the IPL  on Monday invited bids from entities for acquiring the Official Partner Rights for the Indian Premier League(IPL).  The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, rights and obligations, etc. are contained in the ‘Request for Quotation’ (RFQ) document which will be made available on receipt of payment of a non-refundable fee of 5,00,000  plus any applicable Goods and Services Tax. 

 The RFQ will be available for purchase till February 19, 2024.

 The BCCI in a statement said,"It is clarified that the RFQ documents shall be shared only upon the confirmation of payment of the non-refundable RFQ fee. Any interested party wishing to submit a bid is required to purchase the RFQ. However, only those satisfying the eligibility criteria set out in the RFQ and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing the RFQ does not entitle any person to bid."

Earlier, the title sponsorship rights for the Indian Premier League (IPL) was awarded to TATA Group for a period of five years.

The Indian conglomerate, with diverse verticals, has renewed its association with the BCCI for a record-breaking value of 2500 crore, the highest-ever sponsorship amount in the history of the league.

The TATA Group previously held the title sponsorship rights for the IPL in 2022 and 2023 and is also the title sponsor of the Women's Premier League, the biggest women's T20 league in the world.

Jay Shah, Honorary Secretary of BCCI, said: "We are elated to announce the partnership with the TATA Group as the Title Sponsors of the IPL. The league has transcended borders, captivating audiences worldwide with its unmatched blend of skill, excitement, and entertainment. Similarly, the TATA Group, rooted in India, has emerged as a symbol of excellence, making its mark across diverse global sectors. This collaboration embodies the spirit of growth, innovation, and a mutual dedication to excellence. The unprecedented financial commitment reflects the immense scale and global impact of the IPL on the international sports stage."

Arun Singh Dhumal, Chairperson of IPL, said: "The collaboration with TATA Group for the title sponsorship of IPL 2024-28 is a significant milestone in IPL's journey. The record-breaking sum of 2500 crore by TATA Group is a testament to the immense value and appeal that the IPL holds in the world of sports. This unprecedented amount not only sets a new benchmark in the history of the league but also reaffirms the IPL's position as a premier sporting event with global impact. TATA Group's commitment to cricket and sports is truly commendable, and we look forward to scaling new heights together and providing fans with unparalleled cricketing entertainment."

Catch all the Sports News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
First Published:29 Jan 2024, 06:17 PM IST
HomeSportscricket newsBCCI announces release of RFQ for official partner rights for IPL

Most Active Stocks

Indian Oil Corporation

174.50
03:59 PM | 11 JUL 2024
2.55 (1.48%)

Tata Steel

169.00
03:58 PM | 11 JUL 2024
1 (0.6%)

Bharat Petroleum Corporation

306.60
03:59 PM | 11 JUL 2024
6.25 (2.08%)

Oil & Natural Gas Corporation

304.80
03:57 PM | 11 JUL 2024
6.75 (2.26%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Gujarat Pipavav Port

236.60
03:58 PM | 11 JUL 2024
16.85 (7.67%)

Oil India

551.45
03:58 PM | 11 JUL 2024
38.7 (7.55%)

Mazagon Dock Shipbuilders

5,739.10
03:55 PM | 11 JUL 2024
383.7 (7.16%)

Great Eastern Shipping Company

1,455.65
03:58 PM | 11 JUL 2024
93.9 (6.9%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    73,705.000.00
    Chennai
    74,722.000.00
    Delhi
    73,705.000.00
    Kolkata
    74,722.000.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts