Published: August 3, 2020 4:49:46 pm
The Indian cricket board on Monday invited bids for the crew’s kit sponsor and official merchandising partner rights by way of a young course of to exchange outgoing sponsor Nike.
The crew’s present attire sponsorship proper holders Nike’s contract is ready to run out subsequent month. The sports activities attire big had a four-year cope with the BCCI for 370 crore with a royalty of 30 crore.
Under the Invitation to Tender (ITT), the successful bidder will probably be granted the best to be the kit sponsor and/or the official merchandising partner and varied different related rights (as outlined within the ITT).
“The terms and conditions governing the submission and evaluation of bids including eligibility requirements and performance obligations are contained in the ITT which will be available from August 3, 2020 on receipt of payment of the tender fee of Rs One lakh,” a BCCI launch mentioned.
The ITT will stay for buy until August 26.
“The BCCI reserves the right at its discretion to cancel or amend the bidding process at any stage without providing any reason. Merely buying the ITT does not entitle the purchaser to bid, but to bid the purchaser must buy the ITT in the name of the person/entity desiring to bid,” the discharge said.
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