image

At this phase, Indian cricket is official with no sponsorship kit.

At this phase, Indian cricket is official with no sponsorship kit.

 

Highlights:

 

No interested parties for INDIAN CRICKET team's kit funding, BCCI prepares to pick a new cut-off date.

 

Some foreign corporations interested in accessing rights failed to seek approval from their headquarters within the stipulated timeframe.

 

The Board is now planning on the implication of the new time limit and all concerned entities will be made known shortly.

 

NIKE the official has indeed consented to discontinue sponsoring INDIAN CRICKET. With this BCCI'S merchandising tender for the kit failed to attract any bidders.

 

The only two foreign athletic wear firms that had expressed interest in negotiating for the contract were ADIDAS AND PUMA. Dream Sports (the parent company of Dream11 and FanCode), Universal Sportsbiz (the owner of Wrogn), and The WALT DISNEY Company have also grabbed the tender files.

 

Yet neither of those businesses have chosen to bid for the rights.

 

BCCI may announce fresh dates for the bid with the passing for a foremost set deadline.

 

Let’s understand the CRICKET biz and figures.

 

The initial price of the INDIAN CRICKET kit auction has already been dropped by 31 %. This year, the Team Kit Sponsorship is estimated to be in the price bracket of Rs 200 to 250 crore for 5 years, which would be relatively low than what NIKE had originally invested as Team Kit Sponsor – Rs 370 crore including royalties.

 

BCCI has set Rs 8 cr as the starting price for the merchandise affiliate for the current three-year rights span, and Rs 65 lakh per kit. The INDIAN CRICKET team is expected to play 142 CRICKET MATCHES over the next 3 yrs.

 

At the base price, the bidder will have to bear a minimum of Rs 116.3 cr over the next three years, besides selling more than 30,000 kits every year to the BCCI.

 

Falling under the TOP 5 CRICKET LIVE SCORE APP category Fair CRICKET LIVE Line promises you a fast-LIVE CRICKET SCORE and updates ensuring to keeps you in sync with CRICKET. It has a very clean design that entails easy navigation and amazing features. Install now- https://play.google.com/store/apps/details?id=com.liveline.faircricketlinehttps://play.google.com/store/apps/details?id=com.liveline.faircricketline

 

Read our daily blog

Cricket and Other Sports

Our Blog

Read our latest news

Cricket and Other Sports

Our News