On Monday, the Board of Control for Cricket in India (BCCI) has started inviting bids for the Team India’s kit sponsor and official merchandising partner rights through a tender process as the tenure of the current kit sponsor Nike coming to an end in September. The team’s current apparel sponsorship right holders Nike’s contract is expected to come to an end next month.

The sports apparel giant had signed a four-year deal with the BCCI for ₹370 crores with a royalty of ₹30 crores. Under the Invitation to Tender (ITT), the winning bidder will be receiving the right to become the official kit sponsor and/or the official merchandising partner and various other associated rights (as defined in the ITT). The ITT will remain for purchase till August 26.

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In a press release regarding the same, BCCI said, “The terms and conditions governing the submission and evaluation of bids including eligibility requirements and performance obligations are contained in the ITT which will be available from August 3, 2020, on receipt of payment of the tender fee of ₹One lakh.”

The press release further added, “The BCCI reserves the right at its discretion to cancel or amend the bidding process at any stage without providing any reason. Merely buying the ITT does not entitle the purchaser to bid, but to bid the purchaser must buy the ITT in the name of the person/entity desiring to bid.”

Team India played their last international match during the tour to New Zealand where they won the T20I series 5-0 followed by losing all the matches in the three-match ODI series and two-match Test series. 

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The next assignment for the Indian team can be expected to play their next international match during a tour to Australian later this year in November for a four-match Test series.