According to BCCI sources, this is precisely the reason why the board has not yet officially announced Dream11 as IPL title rights holder even though league chairman Brijesh Patel confirmed this on Tuesday.
The company replaced Chinese mobile phone manufacturer Vivo, which had to pull out for this season because the Sino-India border stand-off.
Sources said BCCI and Dream11 are still negotiating on the conditional three-year bid under which the company is supposed to pay Rs 240 crore each in 2021 and 2022 if Vivo doesn’t make a comeback with its yearly Rs 440 crore deal.
“It was always clear that the highest bidder may not get the title rights (it was specified by the BCCI before accepting the Expression of Interest from bidders),” a veteran BCCI official, privy to the development, told PTI on conditions of anonymity.
“Having said that, Dream11 has bid the highest and are still favourites to get it, a few issues are still being ironed out before an official announcement comes,” he added.
It is learnt that BCCI is in discussions with Dream11 to revisit their second and third year bids and wants them to increase the amounts.
“If it’s for only year 2020, then Rs 222 crore works fine. But it was a conditional bid for three years. We still have our deal with Vivo on,” he said.
“We haven’t closed it as it’s a pause. If we are getting Rs 440 crore, why will we settle for Rs 240 crore?” the official asked.
In this scenario, Dream11 has two options — either to accept a one-year or rather four months 13 days deal of Rs 222 crore or increase the conditional amount for 2021 and 2022, which is their discretion.
More News
‘Some were skidding, some were holding’: Hurt Axar Patel slams fielders for dropping catches | Cricket News – Times of India
2nd T20I: Fakhar Zaman and Mohammad Rizwan star as Pakistan beat Ireland to level series | Cricket News – Times of India
‘It’s just confidence…’: RCB skipper Faf du Plessis after big win over Delhi Capitals | Cricket News – Times of India