IPL 2021: BCCI announces release of tender to own and operate IPL team| Submissions of bids, proposed new teams’ rights, and obligations
IPL 2021: The Governing Council of the IPL invites bids to acquire the right to own and operate 1 (one) of the 2 (two) new teams proposed to introduce to take part in the Indian Premier League from the IPL 2022 season, through a tender process.
The detailed terms and conditions governing the submission. And the evaluation of bids including eligibility requirements.
The process for submissions of bids, proposed new teams’ rights, and obligations, etc. that contain in the ‘Invitation to Tender’ (“ITT”). Which will available on receipt of payment of non-refundable fee of INR 10,00,000 (Rupees Ten Lakhs Only) plus any applicable Goods and Services Tax. The ITT will be available for purchase till October 5, 2021.
How to Apply for the Procedure
Interested parties are requested to email at ittipl2021@bcci.tv to get further details for purchasing the ITT. The email requesting the ITT should have the subject line. “ITT for the Right to Own and Operate One of Two Proposed New IPL Teams”.
Any interested party wishing to submit a bid is required to purchase the ITT.
However, only those satisfying the eligibility criteria set out in the ITT. And subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid.
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BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason.
