According to the latest sources, the BCCI may release the media right soon enough, probably in a week’s time.
Procedural issues came in the way. Rumours were rife that the broadcaster, Star was delaying the process but now those reports have been dismissed.
The sources also added that the sports broadcaster will have no issues if the tender is released immediately.
Star’s term with the BCCI ends this year after the IPL.
BCCI gave a statement five months ago in October that they would be releasing the media rights tender in due course of time. But since then, no action has been taken on the issue so far.
BCCI have also hired KPMG who will be overlooking and assisting the board as to how to sell media rights to all broadcasting agencies.
There is also a general perception that this year’s revenue of the IPL will swell up as it has now been made a 10-team tournament instead of 8.
The market price will double from last year’s cycle of INR 16,347 crores with a 25 per cent increase.
BCCI is very confident that this year they will see a massive price increase of the IPL due to this media rights tender.