The Supreme Court in India has given BCCI the nod to go ahead with a closed tender process for the Indian Premier League media rights.
DNA India reports that a plea filed by Member of Parliament Subramanian Swamy for an e-auction of the IPL media rights, the Apex Court ruled that it wasn’t a must and it would not interfere with the media rights process. The panel had earlier questioned the age-old closed tender process in 2016 and suggested transparency in the shape of an e-auction. The three-judge bench refused to entertain the plea by Swamy.
The five-year media rights will be awarded on Monday 4th September. Star TV India and Sony Pictures Networks are said to be the front runners to snap up the telecast rights in India. However, it is believed that 24 companies have expressed interest in bidding for the IPL rights.
The three categories in which the rights are divided are as follows: Indian Sub-continent Television Rights, Indian Sub-continent Digital Rights and Rest of the world (ROW) Media Rights.