The media rights on offer will be for a five-year period, like it was the case with the title and event rights that went to Vivo and IMF respectively for a handsome amount.
"The IPL Governing Council at its meeting held on July 11, 2017 evaluated the IPL Media Rights ITT and reconfirmed that the existing BCCI tender process is the best approach, both in terms of absolute transparency and a free and fair price discovery, for the IPL Media Rights," said BCCI acting secretary Amitabh Choudhary in a statement.
The last date for seeking clarification on the ITT for media rights is August 5 and the last date for purchasing the tender document is August 28.