BCCI ask’s IPL to change tender process
The Board of Control for Cricket in India (BCCI) seems to be unhappy with whole bidding process was carried out by IPL Management. The Governing council of IPL orders a major change to the process.
BCCI President Shashank Manoha raised an issue about pre-condition clause of bidders networth to be $1 Billion and above, He suggested that if more corporate or individuals have to bid then this clause had to be eliminated. The governing council members were of the same view as shashank manoha.
A meeting was held by The IPL governing council on Sunday morning. They have decided on modifications to the bidding process. It is said that Lalit Modi, the chairman of IPL was also questioned at the meeting on various clause and its existence. Those clauses are believed to be be the reason of such a minuscule number of bidders to showup.
Mr Modi after meeting announced, “The new document will have some new conditions which the IPL governing council believes will benefit the IPL and Indian cricket in the long term.”
The new tender document will be made available from March 9 and bids are to be submitted by March 21 in Chennai. The new tender will not include clauses on $100 million guarantee a net worth of $1 billion for the bidder.
Mr Modi is not leaving controversy behind him. Bidding process and Dispute with event manager IMG has been major setback to IPL so far. The governing council of IPL had to intervene both the times. Although BCCI has said that Mr Modi will continue till 2012 and report to BCCI president, his future in seems uncertain.