The Board of Control for Cricket in India (BCCI) has invited bids for the team kit sponsor and official merchandising partner rights through a tender process for the Indian Cricket Team.
The bid is invited to replace the current Indian Cricket Team Kit Sponsor, Nike. Nike contract is set to expire in September and will not renew its contract. Nike is the kit sponsor since 2005.
Under the Invitation to Tender (ITT), the winning bidder will be granted the right to be the Kit Sponsor and/ or the Official Merchandising Partner and various other associated rights (as defined in the ITT).
“The terms and conditions governing the submission and evaluation of bids including eligibility requirements and performance obligations are contained in the ITT which will be available From August 3, 2020, on receipt of payment of the Tender Fee of Rs. 1,00,000 (Rupees One Lac Only). The ITT will remain for purchase till August 26, 2020,” BCCI said in the invitation.
“The BCCI reserves the right at its discretion to cancel or amend the bidding process at any stage without providing any reason. Merely buying the ITT does not entitle the purchaser to bid, but to bid the purchaser must buy the ITT in the name of the person/entity desiring to bid,” the invitation added.
