IPL Broadcast Rights priced at $59 Million
November 27, 2007 • Indian Premier League
Board of Control for Cricket in India (BCCI) set the floor price for the Broadcast rights bids for its Twenty20 cricket league the Indian Premier League (IPL) at 59 million Dollars per year. This is just the floor price so one can only imagine what could be the final price. The bids are expected to be revealed in the month of December.
BCCI Vice-President Lalit Modi confirmed the figure, adding the tender document will be made available in a few days after some modifications are made. He further added “Broadcasters have the choice of bidding for a five or ten-year period,”.
ESPN STAR Sports, Sony Entertainment Television and Nimbus Communications have expressed interest in acquiring the rights for IPL. The IPL will have 56 matches that will be played by eight teams.