India’s cricket governing body, the Board of Control for Cricket in India (BCCI) announced on Tuesday that the tender for the Indian Premier League’s media rights for the 2023-2027 cycle will be released in October. The governing council of the marquee Indian domestic T20 league took this decision on September 28.
The BCCI honorary secretary, Jay Shah, noted in a media release that the “IPL Media Rights tender for the cycle 2023-2027 will be released immediately after the appointment of two new IPL teams which is scheduled to be announced on 25th October 2021.”
In August, the BCCI had started an Invitation to Tender (ITT), inviting bids for acquiring the two new teams, which will be introduced in IPL. Interested parties have to buy the tender for a non-refundable ₹10 lakh plus taxes until October 5.
Star India currently holds television broadcasting rights as well as digital streaming rights. Star acquired these lucrative media rights for ₹16,347.50 crore for five years.
The IPL governing council meeting also decided that the last two league fixtures before the current edition’s Playoffs will be conducted concurrently. On the last day of the league stage (8/10/2021) of IPL 2021, instead of playing one match in the afternoon and one in the evening, both games will be played simultaneously at 7:30 PM IST.