Cricket - Indian board set for windfall from media rights

MUMBAI (Reuters) - The world's richest cricket board was set to pocket nearly double of what it gained from the previous cycle of media rights after bidding for the next five years of Indian cricket could not be wrapped on Wednesday.

Cricket - Indian board set for windfall from media rights

(Reuters)





The e-auction of television and digital rights, a first in cricket, will enter a third day but the Board of Control for Cricket in India (BCCI) received a bid of 60.33 billion rupees (658.17 million pounds)for consolidated global rights from an unidentified bidder before close, a board source told Reuters.

Star India paid 38.5 billion rupees for the rights to broadcast India's home matches for the 2012-2018 cycle.

The BCCI had secured its position as the world's richest cricket board in September with the game's biggest TV deal when it sold Indian Premier League's (IPL) global media rights to Star India for a staggering $2.52 billion.

Six companies, including Facebook and Google, initially entered the fray to bid for 102 matches in India from June, 2018 to March, 2023.

Following scrutiny, Star India Private Ltd, Reliance Industries Limited, and Sony Pictures Networks India Private Limited were found eligible to submit online financial bids.









(Reporting by Sudipto Ganguly; editing by Christian Radnedge)


Share

1 min read

Published

Source: Reuters



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world