IPL Media Rights Up For Grabs; BCCI opens Tender For IPL Rights – The much-awaited Indian Premier League (IPL) Media rights will be up for grabs after the 10th season. The Board of Cricket Control India has opened the tender process for the television and digital telecasting rights. (Also Read: 5 Afghanistan players who can help IPL teams to become IPL 2017 Champs! )
The previous ten year deal with Sony Pictures Network India is set to expire after the IPL 2017 edition. At present, Star Network has the digital rights to Indian Premier League along with overseas media rights. IPL TV Rights after the 10th season will be given till 2027 while online broadcasting rights would be till 2022. Currently, the digital rights with Star India have the restriction of broadcasting online with 5 mins delay (after TV transmission). But BCCI has made it clear that if both TV rights and digital rights are bagged by the same company, then the 5 mins delay could be waived off.
BCCI will accept the bids till 25th October. The COA will go through the tenders and would suggest changes if any, before floating the tenders. (Trending Now: Kevin Pietersen Opts out of IPL Auction 2017)
The previous deal which Sony Pictures acquired helped Board of Cricket Control India generated ₹6700 crores. But the way IPL has grown in last decade the Media Rights are expected to get a whopping amount of ₹18,000 crores. IPL is the most viewed cricket league in the world and sources estimate the price to be somewhere between ₹18000-30000 crores.
It was predicted that demonetization would have an impact on IPL valuation but experts have claimed that that valuation will not be affected by the demonetization crisis.
IPL Auctions 2017 are scheduled for 20th February 2017 at Bengaluru with Ben Stokes expected to be the biggest attraction.