ZEE likely to go SOLO for IPL Media Rights bids, declares Punit Goenka

IPL Media Rights Tender – IPL Rights BID ZEE Entertainment: The highly anticipated IPL Media Rights Tender is now just a few days away. During her earnings call, Zee Entertainment Enterprises Limited (ZEEL) stated that they can PAY-SOLO on the IPL rights. According to ZEEL MD & CEO Punit Goenka, Zee has a healthy balance sheet and can bid on the rights: Check IPL Media Rights Bidders & Follow IPL Media Rights Tender LIVE Updates with InsideSport.IN

“We can participate in the IPL tender on our own. We have a very healthy balance sheet without debt. Certainly, we have the qualification to participate in the tender.” ZEEL MD and CEO Punit Goenka said during the company’s Q4 earnings call.

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IPL Media Rights Tender: ZEE likely to go SOLO for IPL Media Rights bids, MD Punit Goenka declares ‘can only participate in IPL tender’

IPL rights BID ZEE Entertainment: During the EARNING CALL, Goenka was asked whether the company will incur debt to finance the acquisition of IPL media rights?

This is how ZEE MD replied.

“We don’t have to pay any money or a large sum of money in advance. Only when the rights start do you have to pay for them. Until then, there are only instruments such as bank guarantee, etc.” he claimed.

IPL Media Rights: BCCI wins Mjunction for IPL Media Rights e-Auction on June 12, SAIL & Tata JV to provide training

IPL Media Rights Tender – IPL Media Rights Auction: Meanwhile, the Board of Control for Cricket in India (BCCI) has brought in Mjunction for the IPL Media Rights e-auction which starts on June 12.

The joint venture between Tata Steel and Steel Authority of Indian Limited (SAIL) has already held e-auctions for BCCI Media rights in the past.

The company provides the platform for the e-auction. In addition, to facilitate the service, Mjunction will hold a workshop and mock auctions for the parties involved.

IPL Media Rights e-Auction Schedule:

12 June:

  • Bundle A – Indian Subcontinent Broadcast: Base price in this category is Rs 49 crore per game. The total base price of 74 Games would be Rs 18,130 crore for five years.
  • Bundle B – Digital Rights Indian Subcontinent: Base price for this package is Rs 33 crore per game. For five years, the calculation is Rs 12,210 crore.

June 13th:

  • Bundle CNon-exclusive package (DIGITAL): The much talked about special pack is in Bundle C which includes 18 games and the minimum price in this cluster is Rs 16 crore per game. At 74 matches per season and calculated for five years, the price of this bundle is Rs 1440 crore. 18 games in this pack are: opening game, 4 playoff games and 13 evening double headers
  • Bundle D: Rest of World Rights (Outside Subcontinent): Base price for this package is Rs 3 crore per game. The combined value of the reserve price is Rs 1110 crore for five years.

IPL Media Rights: BCCI wins Mjunction for e-Auction IPL Media Rights on June 12

The last time BCCI sold the IPL Media rights, it received more than Rs 16,000 Crore. This time, the BCCI expects double that amount.

Although BCCI has previously sold its media rights through e-auction, this is the first time that highly anticipated IPL media rights are being auctioned through e-auction.

IPL Media Rights: BCCI wins Mjunction for IPL Media Rights e-Auction on June 12, SAIL & Tata JV to provide training

The Indian board has set a base price of Rs 18,130 crore for five years for 74 games per edition.

With interest from more than a dozen parties, the BCCI had to extend the deadline from May 10 to May 20. Aside from domestic players like Star, Sony, Zee and Reliance, trillion dollar tech giants such as Amazon, Apple and Google have raised the bid. documents.

IPL Media Rights: BCCI wins Mjunction for e-Auction IPL Media Rights on June 12

IPL Media Rights Bidder in RACE

  • Amazon
  • Disney star
  • Trust Viacom Sports18
  • Zee Entertainment Enterprises
  • Sony Group Corp
  • Dream Sports Inc
  • Alphabet Inc (Google)
  • SuperSport, South Africa
  • apple inc

Follow InsideSport on GOOGLE NEWSCheck IPL Media Rights Bidders & Follow IPL Media Rights Tender LIVE Updates with InsideSport.IN

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