THE BOARD OF CONTROL FOR Cricket in India has invited bids for the title sponsor rights of its upcoming cricket events. Additionally, the BCCI has released a Request for Quotation (RFQ) for Associate Partner Rights for said events.
In a media advisory issued on Monday, the cricket board said it has released the Invitation to Tender (ITT), which lays down the terms and conditions for entities interested in acquiring the title sponsorship rights for BCCI events.
The current rights are held by IDFC FIRST Bank, which secured the deal in September 2023 and runs until August 2026.
IDFC First Bank is the current holder of title sponsor for all BCCI international and domestic home matches (including Test, ODI, and T20 series, as well as domestic tournaments like the Ranji Trophy).
Additionally, Apollo Tyres serves as the official lead sponsor and jersey sponsor for Team India.
The BCCI reserves the right to cancel or amend the tender process at any stage without assigning any reason.
The ITT can be purchased for a non-refundable fee of Rs 1.18 lakh, including GST, by Indian entities, while overseas bidders will have to pay $1,050. The tender document will be shared only after the payment is confirmed, BCCI said.
According to the schedule released by the board, the last date to purchase the ITT is Aug. 4, while bidders can seek clarifications until Aug. 5. Final bid documents must be submitted by Aug. 13.
The BCCI said only entities that satisfy the eligibility criteria laid out in the ITT will be allowed to participate in the bidding process. It added that purchasing the tender document alone does not qualify an applicant to submit a bid.
To qualify, interested parties must be registered entities in India and meet at least one of two financial thresholds: an average annual audited turnover of at least Rs 100 crore over the last three years or an average net worth of at least Rs 100 crore during the same period.
The cricket board has also barred companies linked to betting, gambling, cryptocurrency, virtual digital assets, Web3 services, online money gaming, real-money gaming and fantasy sports from participating in the process. Brands associated with alcohol, tobacco and pornography, among other prohibited categories, are also ineligible.
RFQ for associate partner rights
BCCI’s RFQ document will be made available on payment of a non-refundable fee of Rs 1 lakh plus applicable GST. Interested parties can purchase the RFQ till August 14, seek clarifications until August 16, while the last date for submission of quotation documents is August 25.
The board said the RFQ, containing the eligibility criteria and detailed terms governing the bidding process, will be shared only after confirmation of payment of the RFQ fee.
The successful bidder will acquire the associate partner rights for BCCI events, which include home international matches involving the Indian men’s and women’s teams, domestic competitions and age-group tournaments.
