It has been learnt from official sources that BCCI has hired accounting firm KPMG to advise them on the IPL media rights. The decision has been taken by Board secretary Jay Shah’s office.
The BCCI expects around Rs 30,000 crore from media rights for the next five-year cycle from 2023-2027, the tender process for which will be guided by KPMG. The current IPL media rights with Star India, TV and digital, is worth Rs 16,347.50 crore and the deal expires next year.
The IPL media rights tender is expected to be put out soon. BCCI, however, at the moment is weighing up options about whether to go for e-auction or choose a closed bid. The IPL governing council meeting on Sunday is set to make KPMG’s name official.
The BCCI, in its press release after the IPL governing council meeting on September 28, stated: “The IPL Media Rights tender for the cycle 2023-2027 will be released immediately after the appointment of two new IPL teams which is scheduled to be announced on 25th October 2021.”
The BCCI is also going to discuss the report submitted by a committee that had looked into CVC’s IPL franchise ownership competence. The committee has given the go-ahead to Irelia Company Pte. Ltd (CVC) to own the Ahmedabad franchise, one of the two new franchises in the tournament from next year onwards. CVC was the second-highest bidder when two new IPL teams were auctioned in October, winning the rights to own the Ahmedabad franchise for Rs 5,625 crore. Sanjiv Goenka’s RPSG Group bagged the Lucknow franchise for Rs 7,090 crore.
A day after CVC was announced as the successful bidder for the Ahmedabad franchise, reports emerged that it has links with betting companies abroad. However, the committee has found no reason to scrap CVC.
