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Media Rights Ensure Another Huge Pay Day for BCCI

The world's richest cricket board is poised to get even wealthier after media rights to Indian cricket for the next five years brought spirited bidding on Tuesday.

Reuters |April 3, 2018, 8:18 PM IST
Media Rights Ensure Another Huge Pay Day for BCCI

New Delhi: The world's richest cricket board is poised to get even wealthier after media rights to Indian cricket for the next five years brought spirited bidding on Tuesday.

The e-auction of television and digital rights, a first in cricket, was not concluded but the Indian board (BCCI) received a bid of 44.4 billion Indian rupees ($683 million) for consolidated global rights from an unidentified bidder.

"The online auction will now resume on Wednesday...from the same stage," the BCCI said in a statement.

Star India paid 38.5 billion rupees for the rights to broadcast India's home matches for the 2012-2018 cycle.

The BCCI had consolidated its position as the world's richest cricket board in September with the game's biggest TV deal when it sold Indian Premier League's (IPL) global media rights to Star India for a staggering $2.52 billion.

Six companies, including Facebook and Google, initially entered the fray to bid for 102 matches in India from June, 2018 to March, 2023.

"Following scrutiny, Star India Private Ltd, Reliance Industries Limited, and Sony Pictures Networks India Private Limited were found eligible to submit online financial bids," the BCCI said.

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1 India 4027 115
2 New Zealand 2829 109
3 South Africa 2917 108
4 England 4366 104
5 Australia 3270 99
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1 England 6745 125
2 India 7071 122
3 New Zealand 4837 112
4 Australia 5543 111
5 South Africa 5193 110
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1 Pakistan 7748 277
2 England 4253 266
3 South Africa 4720 262
4 India 8620 261
5 Australia 5471 261
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