The Indian cricket board on Monday invited bids for the crew’s package sponsor and respectable vending spouse rights thru a young procedure to interchange outgoing sponsor Nike. The crew’s present attire sponsorship proper holders Nike’s contract is ready to run out subsequent month. The sports activities attire large had a four-year care for the BCCI for 370 crore with a royalty of 30 crore. Beneath the Invitation to Mushy (ITT), the profitable bidder can be granted the proper to be the package sponsor and/or the respectable vending spouse and more than a few different related rights (as outlined within the ITT).
“The phrases and prerequisites governing the submission and analysis of bids together with eligibility necessities and function duties are contained within the ITT which can be to be had from August 3, 2020 on receipt of cost of the smooth charge of Rs One lakh,” a BCCI unencumber mentioned.
The ITT will stay for acquire until August 26.
“The BCCI reserves the proper at its discretion to cancel or amend the bidding procedure at any level with out offering any explanation why. Simply purchasing the ITT does now not entitle the buyer to bid, however to bid the buyer will have to purchase the ITT within the title of the individual/entity needing to bid,” the discharge said.