Indian businesses complain to CSA over the high base pricing
The primary issue that Indian broadcast companies have brought up in letters to Cricket South Africa (CSA) over the recent media rights tender is the base price of SA20, a T20 league that the South Africa board is establishing early next year with six Indian Premier League (IPL) clubs (ITT).
Even if the competing companies’ letters were sent out separately in the past, it seems that the basic cost for the SA20 is the only thing that connects them. The CSA has established a reserve value for each game in the league at USD 240,000 (about INR 2 crore), with annual rises of 5% and that is a hefty asking price, according to the Indian broadcasters.
“5.2 Each League Match has a reserve price of USD 240,000 (two hundred and forty thousand United States Dollars). 5.3 On a compound basis, the Licence Fee for the League will grow at a rate of 5% every season “the ITT declares A season’s worth of basic value comes to USD 8 million (INR 64 crore).
The CSA has been requested to distinguish between the international rights and the SA20 rights, which is another problem with the joint bidding. For the Future Tours Program between 2024 and 2031, the CSA is also seeking bids for South Africa’s home international matches, with a base price of USD 7 million for each match against India and USD 3 million for each season versus non-India.
Star Sports, Viacom, Sony, and FanCode are just a few of the media companies up for grabs. Cricbuzz can confirm that at least three media sites have written to the CSA board, while it is uncertain if Zee and Amazon have as well. Cricbuzz has gotten in touch with all key CSA officials to get their feedback. “CSA is not going to offer a reaction on a secret procedure that is underway,” was the official response to the question.
The following teams: Mumbai Indians (MI Cape Town), Lucknow Super Giants (Durban Super Giants), Chennai Super Kings (Joburg Super Kings), Rajasthan Royals (Paarl Royals), Delhi Capitals (Pretoria Capitals), and SunRisers Hyderabad six IPL franchises participating in SA20 (Sunrisers Eastern Cape).
“The number of Teams in the League won’t increase during the first five (five) seasons, but following seasons could. Subject to that, ACD may from time to time, at its sole discretion, alter the League’s format and the number of Matches, which may rise, decrease, “The ITT declares,” any Season According to the terms of the contract, there will be 33 games the first year and 34 the following four.
ITT only applies to the Indian subcontinent. The request for explanations due was October 3, and the bid submission date is October 12. Tom Harrison, the former CEO of the England board, is advising SA20 on economic matters while IMG manages the media rights agreement.
