IPL to conduct Media Rights E-Auction on June 12

An e-auction provides an online marketplace for the bidders and the auctioneer to carry the respective transaction.

This is the first time that an e-auction will be conducted for determining the winner of IPL's media rights. And BCCI is looking forward to continuing the online mode of the auction in the coming years.

The auction is scheduled for 12th June at 11 AM IST in Mumbai. However, there is no deadline for the auction. It will continue until the placement of all bids.

There are four specific packages in which e-auction will be conducted for 74 games per season for five years from 2023-27 with a provision of increasing the number of matches to 94 in the final two



years.

Package A: Indian sub-continent exclusive TV (broadcast) rights 

Package B: Covers digital rights for the Indian sub-continent.

Package C: For 18 selected games in each season for digital space 

Package D: All games will be for combined TV and digital rights for overseas markets.

All bidders will have to make separate bids for each package, this time. The participants will make the decision whether or not to continue bidding for the media rights after a certain stage. This is different from the 2017 auction when there was a process of closed bidding. The process will take time, and the eventual bidder's name may not be revealed for several days.