The Invitation To Tender (ITT) will stay for buy until August 26.© AFP
The Indian cricket board on Monday invited bids for the workforce’s equipment sponsor and official merchandising accomplice rights by way of a young course of to switch outgoing sponsor Nike. The workforce’s present attire sponsorship proper holders Nike’s contract is ready to run out subsequent month. The sports activities attire large had a four-year take care of the BCCI for 370 crore with a royalty of 30 crore. Below the Invitation to Tender (ITT), the successful bidder might be granted the precise to be the equipment sponsor and/or the official merchandising accomplice and numerous different related rights (as outlined within the ITT).
“The phrases and situations governing the submission and analysis of bids together with eligibility necessities and efficiency obligations are contained within the ITT which might be accessible from August three, 2020 on receipt of cost of the tender price of Rs One lakh,” a BCCI launch stated.
The ITT will stay for buy until August 26.
“The BCCI reserves the precise at its discretion to cancel or amend the bidding course of at any stage with out offering any cause. Merely shopping for the ITT doesn’t entitle the purchaser to bid, however to bid the purchaser should purchase the ITT within the title of the individual/entity needing to bid,” the discharge said.
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