Mumbai: The Board of Control for Cricket in India (BCCI) on Tuesday released the Invitation to Tender for Media Rights to the Indian Premier League (IPL) for the 2023-2027 seasons.

The governing council of the IPL has invited bids from ‘reputed entities’ to acquire the media rights for the IPL 2023-27 seasons, through a tender process.

The detailed terms and conditions governing the tender process including eligibility requirements, process for submissions of bids, proposed media rights packages, and obligations are contained in the ‘Invitation to Tender’ (ITT) which will be made available on receipt of payment of non-refundable fee of Rs 25 lakh plus any applicable goods and services tax. The ITT will be available for purchase till 10 May, said the statement.

“Any interested party wishing to submit a bid is required to purchase the ITT,” stated BCCI honorary secretary Jay Shah. “However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid.”

Furthermore, BCCI reserves the right to cancel or amend the bidding process at any stage in any manner at its discretion.