The Board of Control for Cricket in India (BCCI) has invited tenders (tenders) for the 13th season of the Indian Premier League (IPL). The board has also laid down certain conditions for companies seeking to acquire title sponsorship rights. In this 13-point notification issued by BCCI Secretary Jai Shah, it is clear that only the highest bidder gets the rights, it is not necessary. In general, the highest bidder gets success in any tender process.
Another company name is coming up in the race for the title sponsor of the Indian Premier League (IPL). Yoga guru Baba Ramdev's company Patanjali has also joined the race after the Chinese mobile company VIVO withdrew from the title sponsor for this year. This has also been confirmed by the company. Patanjali spokesperson SK Tijarawala has also confirmed this with our associate newspaper Economic Times. Tijarawala said, "We are looking at achieving IPL title sponsorship this year as we want to take the Patanjali brand to a global platform." He also said that he is preparing to send a proposal to the Board of Control for Cricket in India.
The board said that the new sponsor will be from 18 August 2020 to 31 December 2020. It has clarified that the board will not be obliged to give sponsorship to the highest bidding company. The turnover of the company should be more than Rs 300 crore. The board has decided not to conduct the mega auction in 2021. Auction has been postponed indefinitely due to COVID-19. This time there will be no auction. In such a situation, the franchise will have to play the next season with these players. The current season of IPL will end on 10 November. The board will have only four and a half months for the next season.