Tag Archives: IPL Governing Council

Decision on CVC Sports, media rights to be taken at IPL GC on Dec 3

The Indian Premier League’s (IPL) Governing Council (GC) will meet in Kolkata on Friday (December 3) which is expected to take some crucial decisions regarding the lucrative tournament.

First of all, the GC would take a call on the CVC Sports issue as the company’s acquisition of the Ahmedabad franchise in the IPL came under scanner following its association with the Milan-based betting company.

Recently, the Solicitor General of India Tushar Mehta had reportedly asked the Board of Control for Cricket in India (BCCI) to form a committee, whose final report will be produced at the GC meet.

Notably, a report in Cricbuzz claimed that the GC is likely to give a green signal.

“The GC is expected to give a formal nod to the CVC Sports for the Ahmedabad franchise unless there is an unlikely last minute twist,” the report said.

Even as the CVC Sports had acquired the Ahmedabad franchise for Rs 5625 crores on October 25 in Dubai, the owners is yet to receive a Letter of Intent from the BCCI.

CVC’s acquisition of the Ahmedabad franchise raised many questions following which there has been a delay from the Indian board in handing the Letter of Intent to CVC. Significantly, the Letter of Intent has already been submitted to the RPSG Group of Sanjiv Goenka, who had bagged the Lucknow franchise for a whopping Rs 7090 crores.

After CVC had acquired one of the two franchise, former IPL chairman Lalit Modi ruffled a few feathers by drawing attention to the companies association with the Milan-based betting company Sisal. “I guess betting companies can buy an IPL team. must be a new rule. apparently, one qualified bidder also owns a big betting company. what next? does BCCI not do their homework? what can Anti-corruption do in such a case? #cricket,” Modi had tweetd.

Apart from the CVC matter, the board will also have to finalise the media rights tender for the cash-rich league as it had said that the tender will be out immediately after the sale of two new teams on October 25 in Dubai however, it hasn’t yet happened.

Moreover, the report further stated that former India Test cricketer Brijaesh Patel’s tenure as the IPL Chairman will also see an extension.

“Cricbuzz understands that Brijesh Patel of Karnataka and Khairul Jamal Majumdar from North East will be re-elected to the GC the next day and the former’s term as the chairman of the IPL is all set to be extended by another year,” the report said.

“It is learnt that only those two have filed the nomination for the GC membership. Pragyan Ojha will continue to be the representative of the players association,” it added.

Sanjiv Goenka’s RPSG bags Lucknow, CVC Capital acquires Ahmedabad franchise of IPL

The Sanjeev Goenka-owned RPSG group and international investment firm – CVC Capital – on Monday bagged the ownership rights of the two new franchises of the cash-rich Indian Premier League (IPL).

While the RPSG Group picked Lucknow as their home base with a winning bid of Rs 7090 crores, the CVC Capital went for Ahmedabad with the second-highest bid of the auctioning which is in excess of Rs 5000 crores.

After the development, Sanjiv Goenka, who previously owned the Rising Pune Supergiant (RPS), said: “A lot of planning and calculation has gone into our bidding.”

“I give credit to personal staff for winning the bid,” Goenka was quoted as saying by Cricbuzz.

Notably, CVC is the same firm which had attempted a deal with La Liga (but was opposed by Real and Barca) and now has an elaborate plan to bring together ATP and WTA Tours with a fund that can go up to four billion dollars.

Private Equity player CVC Capital had recently bought LA Liga and also owns Formula One and Rugby teams.

Notably, as many as 10 parties had entered the bidding war on Monday and had got an option to choose from from six centres – Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore – to base their team in.

As per reports, all the interested parties were asked to submit two envelopes – one for personal and financial credentials and the second for the bid and the entire process was overseen by the IPL Governing Council as well as the BCCI top officials like president Sourav Ganguly, secretary Jay Shah, treasurer Arun Dhumal, vice-president Rajeev Shukla and joint-secretary Jayesh George.

Now after acquiring the teams, both the parties will need to pay the entire amount over a period of 10 years.

Earlier, the Adani Group was considered to be a front-runner in acquiring a team however, they eventually opted out of the bidding war after their last call of Rs 5000 crore. On the other hand, Torrent, Manchester United’s owner, Aurobindo Pharma and other players didn’t even came close to the Rs 5000 crore-mark.

These new franchises – Ahmedabad and Lucknow – will now be a part of the 15th edition of the lucrative league, taking the total number of teams to 10 from eight.

The next edition of IPL is likley to be staged in the March-April window and a mega auction for it will most probably be held in December this year or January, 2022.

Last week, discussions on the issue of retention of players took place between the Board of Control for Cricket in India (BCCI) and the eight franchise owners following which it was decided that a franchise can retain up to three Indian players and two overseas players with the overall count for retained players not crossing four.

Meanwhile, the player purse will be Rs 90 crore and in the subsequent two years, there will be an incremental hike and the purse will go up to Rs 95 crore and Rs 100 crore.

Earlier, a total of 22 entities had bought the Invitation to Tender (ITT) document from the BCCI, price of which was kept at Rs 10 lakh each.

BCCI confirms Dream11 as Title Sponsor for IPL 2020

The Board of Control for Cricket in India has confirmed Dream11 as the title sponsor for the Indian Premier League 2020.

There is no official word on the fantasy sports platform’s offer for the next two seasons of the cash-rich league.

The IPL Governing Council has announced Dream11 as the new Title Sponsor of the 2020 edition of the Indian Premier League. Dream11 (Sporta Technologies Pvt. Ltd) is an Indian company based in Mumbai, Maharashtra, BCCI stated in a Press release.

Mr Brijesh Patel, Chairman, IPL, said: “We welcome Dream11 on board as Title Sponsor for the 2020 edition of the IPL. Dream11 upgrading their association from an Official Partner to Title Sponsors is a great testament to the brand IPL.

“Dream11 as a fantasy sports brand will only grow the engagement of the IPL with its fansAs a digital brand it will give them leverage to create exciting online engagement for fans sitting at home and watching the matches. We look forward to delivering great value to Dream11.”

Mr Harsh Jain, CEO & Co-Founder, Dream Sports (Dream11) added, “The launch of IPL in 2008 gave birth to the idea of Dream11. As avid sports fans, we wanted to offer fantasy cricket to IPL fans to help them further engage with the sport they love and showcase their sports knowledge & skill.

“Being a proud homegrown Indian brand that is made in India, by Indians and exclusively for Indian sports fans, we would like to thank the BCCI for giving us an opportunity to become the Title Sponsor of IPL, which in our opinion is the world’s greatest sports property.

“We believe that ‘Dream11 IPL’ also perfectly defines what IPL is all about: every team fielding its Dream11 team culminating in the IPL finals determining The Dream11. We are happy to continue building our partnership with BCCI & IPL to further promote sports fan engagement in India, and look forward to 10 Crore+ Indians making their Dream11 for every Dream11 IPL match.”

Dream11’s association with sports has grown over the years and it is presently partnering a total of 19 sports leagues along with 6 Indian Premier League Franchises.

Dream11 had submitted a financial proposal for a three-year deal, offering ₹ 222 crores for the IPL 2022 and ₹ 240 crores each for the next two seasons. However, while the board was ready to except the offer for the upcoming, it reportedly wanted a higher offer for the next two years or segregate the proposal for the next two years from the offer for the IPL 2022.

Also read: BCCI has not yet ‘confirmed’ Dream11 IPL title sponsorship deal!

IPL IN UAE: A saga of confirmed and unconfirmed confirmations!

The Indian Premier League 2020 in the UAE still remains a saga of confirmations – few confirmed and many yet to be confirmd. The Emirates Cricket Board on Monday has confirmed that the Board of Control for Cricket in India has confirmed to stage the IPL 2020 in the UAE. What the ECB did not confirm is that the confirmation of the IPL in the UAE is subject to the confirmation by the Government of India.

BCCI’s confirmation letter to the ECB has a rider that the confirmation will only be confirmed after the Government of India confirms the Indian board’s plan to stage the league in the UAE. Yet the final confirmation will come from the IPL Governing Council, which will have to give the customary approval to confirm the league in the UAE.

Technically, the BCCI has also not confirmed the UAE as the sole choice to stage the tournament. SportzFront has learnt, on paper India still remains the first choice for the IPL 2020 subject to the Government confirmation.

Governing Council member Surender Khanna had confirmed to SportzFront that the GC in its meeting will definitely deliberate on the possibilities of staging the league in India. “How can UAE be confirmed  without an approval by the Governing Council,” Khanna had questioned. “As of now UAE is just an option.”

The BCCI is expecting the confirmation from the Government of India by Thursday. Considering the spike in the COVID-19 cases in India, there remains little or no hope for getting a nod for staging in India 60 cricket matches involving over 50 foreign players, a number of international officials and broadcast team members. So, practically the UAE remains the only confirmed option to be confirmed by the Government of India.

The GC is scheduled to meet on Sunday, August 2, via teleconferencing for a final confirmation on the league. The GC will also have to confirm the schedule, size of teams, standard operating procedures. It is suggested that the GC may confirm 40 members per team, including the support staff, team management and franchisee owners. Permission for the players families, wives and girlfriends, may also be deliberated by the GC.

The developments over the past few days and BCCI’s approach to expedite the preparations for the IPL 2020 meanwhile confirm that a final confirmation on the league should come over the weekend.

IPL 2020 in UAE, but dates not confirmed yet: Brijesh Patel

The Indian Premier League 2020 will be played in the UAE, but dates have not been confirmed.

The schedule and standard operation procedures for the tournament will be discussed by the IPL Governing Council via a teleconference next week. The decks for the IPL 2020 are almost cleared after the International Cricket Council has confirmed on Monday that T20 World Cup in Australia will not take place this year.

The Board of Control for Cricket in India will seek a clearance from the Government of India for finalising the tournament details, IPL GC Chairman Brijesh Patel has told The Sportstar.

The IPL GC chairman, while confirming that the next step will be to finalise the venues in the UAE, had denied that the tournament dates are finalised. He dismissed all speculation about the September 28-November 8 dates for the IPL 2020.

The BCCI after finalising the tournament dates would give formal confirmation to the UAE, which had offered to host the IPL 2020.

Patel also said that the UAE has sufficient infrastructure and facilities to host the IPL successfully and travel restrictions would not be a problem.

The BCCI will follow the ICC guidelines and the FIFA SOPs in working out the playing conditions, travel plan, boarding and other operational procedures. “The safety of players will be of utmost importance,” Patel said.

If the situation permits, the BCCI may also allow some fans in the stadiums. But nothing has been discussed or decided in this regard. The board is also very much open to conduct the league behind closed doors.

IPL GC likely to discuss crucial sponsorship issue on Wednesday

The Indian Premier League Governing Council will be deliberating on the crucial issue of the Indian Premier League title sponsorship via teleconferencing on Wednesday.

The GC, headed by chairman and former India batsman Brajesh Patel, will primarily evaluate the IPL title sponsorship contract with Vivo.

In wake of the standoff with China in the Galwan Valley, where 20 Indian jawans were martyred in the scuffle with intruding Chinese soldiers, pressure has been mounting on the Board of Control for Cricket in India to dump the IPL title sponsor Vivo.

The matter has thus been referred to the IPL GC despite BCCI treasurer Arun Dhumal initially saying that the deal was in the interest of Indian economy.

The Chinese smartphone brand has a five-year IPL title sponsorship agreement worth ₹ 2,199 crore with the BCCI. While the deal runs till 2022, the GC will discuss the scenario and consequences of retaining or ending the contract in wake of the anti-China sentiment and boycott China calls following the nefarious designs on the Dragon to occupy the Indian territory.

However, a no final verdict is expected in the meeting on Wednesday. SportzFront has learnt that the GC will evaluate consequences, primarily legal, if the board has to take an extreme step. The BCCI counsels thus will have to revisit the “exit clause” in the Vivo contract.

Calling of the deal worth ₹ 440 crore per annum will also have severe financial repercussions. The board in the extreme event of termination of the contract will have be ready for a major setback in the title sponsorship values.

The BCCI is aiming to stage the IPL 2020 between September and November as the ICC T20 World Cup 2020 in Australia appears all set to be deferred in wake of the novel coronavirus.

The virus threat also looms large on sports sponsorships due to an extremely weak market scenario, which may result in big deficit for the board if it were to go for a new title sponsor. Considering the value for money and reach IPL brings to sponsors, there will be more than one brands eager to grab the opportunity. But ₹ 440 crore for a season will be a big ask under the present scenario.

Meanwhile, de-escalation in the tension on the LAC after China has reportedly agreed to withdraw its troops following the Lt-General level talks may also lead to ease in anti-China sentiment in the country. That will also diminish some pressure on the board to get rid of the IPL title sponsor.

BCCI set for IPL in September-October; either in India or abroad: Patel

The Board of Control for Cricket in India is all geared up to host the Indian Premier League Season 13 in September or October. If not in India then abroad. The word has come straight from the horse’s mouth –IPL Governing Council chairman Brajesh Patel.

The BCCI is waiting for the International Cricket Council to confirm the postponement of the ICC T20 World Cup in Australia to start preparations for the IPL 2020, Patel has told national daily Times of India

“We are ready to go ahead with the IPL. But we can start planning the schedule formally only after the official announcement is made on the T20 World Cup, which I’m expecting will arrive anytime soon. On our part, we’ve already earmarked the September-October window for the tournament to be played,” TOI has quoted Patel as saying.

The World Cup in Australia, all but poised to be deferred, is slated for October-November. But the BCCI has set the September-October timeline for the IPL so that Team India gets sufficient time for quarantine on their arrival Down Under for the series against Australia.

The ICC hasn’t been able to a make a formal communication to shift the World Cup to another date since the next schedule has not been finalised. The riddle of shifting the World Cup to another date is laced with many ifs and buts due to every alternate option having a rider or two.

March-April next year doesn’t appear a viable window as India will be hosting the IPL 2021 shortly after that. Deferring the World Cup in Australia to next year around the same time is not possible as India has been allotted the next edition of the tournament in that time slot. There can though be a compromising formula that Australia hosts the event next year and India a year later.

In such a scenario, the ICC and the stakeholders need time to arrive at any agreement and that is leading to the unwarranted delay on the final verdict on the T20 World Cup 2020.

While BCCI is waiting for the final word from the ICC, Patel revealed plans are already afoot to host the league during September-October. “Right now, we’re saying it’s tentative because finalities of the schedule can only be worked out once official confirmations arrive. Talks are going on with the league’s multiple stakeholders and we’re all on board,” he said and added “So, it’s a matter of time before we start putting things in place,” the IPL  GC chairman said.

BCCI is determined to go ahead with the league that would add to the board’s coffers ₹ 4,000 to that extent that if the COVID-19 situation doesn’t relent, the league will be shifted abroad. “We have to watch how things are going to play out over the next one month from a Covid perspective. We don’t mind shifting the IPL to another country, either in part or in full. There are other aspects to be considered here,” the former India batsman and seasoned cricket administrator further told the daily.

The UAE and Sri Lanka are the available options to take the league overseas. Sri Lanka Cricket has also expressed interest to host the IPL. However in scenario where it will be inevitable to stage the league in India, UAE will reportedly be the first choice.

Earlier yesterday, BCCI president Sourav Ganguly had set the ball rolling for the league this year when in he in a letter to affiliated State units and associates had confirmed the board’s determination to go ahead with the IPL.

Also read: BCCI working on all options to host IPL