IPL franchises are anxious to know as to what extent will the board involve them in the affairs © VIVO
IPL franchises are anxious to know as to what extent will the board involve them in the affairs © VIVO

The Board of Control for Cricket in India (BCCI), might soon be calling representatives of all the existing Indian Premier League (IPL) franchises to discuss the way foward for the league, while media rights renewal prices are set to hit the roof. On the other hand, the various IPL franchises, who have always been kept at a fair distance by the BCCI from the matters relating to the administration of the league, are anxious to know as to what extent will the board involve them in the affairs, as rights renewal deadline approaches. According to the new revenue design of the IPL, franchises will become more or less 50 per cent stakeholders in the business for the next ten years, as per the amendment that was brought in the original Invitation To Tender that BCCI had brought out, back in 2008 when teams first went on sale. READ: BCCI set to earn big money from IPL broadcasting rights

According to Times of India sources, the IPL’s revenue design, only involving the franchises and the BCCI will work on the following basis: Close to 48 percent of the revenue generated from the renewal of rights will be distributed among the franchises over the next rights period while approximately 52 percent of that revenue will go to the board. The franchises, regardless of their annual PL, will have to also pay 20 percent of the revenue, they generate, to the BCCI.

Earlier, it was also reported that, the BCCI had given its existing right holder Sony Pictures Network India (SPNI), a “a 10-day window to arrive at an understanding that a broadcast rights deal of such high value can’t be held inside a closed room and needs to undergo a transparent bidding process,”