The
Board of Control for Cricket
in India (BCCI) is reported to be battling with the concern of what would be the very best method to auction the media rights for bilateral cricket in the 2023-2027 cycle. The option, if reports are to be thought, is in between a closed procedure and an open e-auction.
The BCCI’s own experience with the auction of IPL rights in 2015 need to supply a clear guideline to the response. On that celebration, it turned to e-auctions and wound up making near to Rs 48,400 crore, a three-fold dive from the previous auction. A rational concern to ask would be- why alter a procedure that has worked so well for you so just recently in the past?
Previous experience is by no suggests the sole factor why the open e-auction path need to be chosen over the closed quote approach. Plainly an open auction is by meaning more transparent because everyone can see just how much is being bid and believe at the end of the procedure that the greatest bidder won.
Closed quotes have actually traditionally been afflicted by suspicions of collusion and post-facto quote changing behind closed doors. Certainly, that is not a cloud anyone at the BCCI would wish to have hanging over the procedure.
While the BCCI is technically a personal body, we can not get away the reality that
Group India
– and for this reason its bilateral engagements – represents the country. It would remain in keeping with the federal government’s push for openness in governance for the BCCI too to embrace a procedure that is open to public examination for offering what amounts a nationwide possession.
All things thought about, open e-auctions are the very best alternative, the one that serves the board, those who win the auction and the audience for whom all of this is being done, while making sure that the procedure is reasonable and beyond reproach.