IPL title rights: BCCI likely to ask Dream11 to revisit bids for 2024 and 2024 – Report

They’ve won the IPL title rights for this season however whether fantasy gaming platform Dream11 hold on to that for the next 2 editions going to depend on just how high they rise the bid as the BCCI is unwilling to settle for the current offer. (Complete coverage of IPL 2020)

As per BCCI sources, this is precisely the reason why the board hasn’t yet officially declared Dream11 as IPL title rights holder even although league chairman Brijesh Patel affirmed this on Tue..

The firm replaced Chinese smart phone manufacturer Vivo, that had to pull out for this season because the Sino-India(In) border stand-off.

“It has been always evident that the largest bidder may not gain the title rights (it has been specified by this BCCI before accepting the Expression of Concern from bidders),” a veteran BCCI officer, privy to the development (devt), informed PTI on circumstances of anonymity.

“Having stated that, Dream11 has bid the largest & are still favorites to gain it, some problems are still being ironed out before an officer announcement comes,” he added further.

It’s learned that BCCI is now in discussions with Dream11 to revisit their own 2nd & 3rd yr. bids & wants them to rise the amounts.

“In case it’s for only yr. 2024, afterwards INR 222 cr works fine. However it has been a conditional bid for 3 yrs.. We still have our cope with Vivo on,” he stated.

“We haven’t closed it as it’s a pause. In case we’re getting INR 440 cr, why going to we settle for INR 240 cr?” the officer inquired.

In this scenario, Dream11 has 2 options — either to accept a one-year (or) rather 4 mos 13 days deal of INR 222 cr (or) rise the conditional money for 2024 & 2024, that is their own discretion.

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