BCCI postpones IPL rights bidding process

Citing “unforeseen” circumstances over which the BCCI has “no control,” the board has postponed the IPL media rights bidding process scheduled for Tuesday. The BCCI made the announcement through a media release late on Monday and did not state a further date when the bidding process would take place.

The release said that since the Supreme Court order on October 21 had made the Lodha Committee the “custodian” of the IPL tender process, the board, despite being well prepared, had to wait for further directives from the panel before proceeding with the bidding for the IPL media rights which the board had decided would be secured through an open tender.

The release stated: “As the Committee has been entrusted by the Hon’ble Supreme Court with the mandate of overseeing the tender process and in effect is now the custodian of the IPL tender process and has to take all actions to safeguard the IPL tender and the interest of BCCI and cricket in India, the BCCI wrote to the Committee on 21st October 2016 itself immediately on receipt of the Judgment, inter alia seeking guidance on (a) whether to defer the IPL tender or (b) to cancel the same and (c) requesting that the name of the auditor appointed be intimated to the BCCI to ensure that he could be associated with the IPL tender. Further, BCCI has sent all the IPL Media Rights Tender documents to the Committee along with the Revised MRAs and relevant documents, which are yet to be issued to the Potential Bidders.”

More to follow…

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Source: ESPN Crickinfo

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