The Pakistan Cricket Board (PCB) set a reserve price of around $21 million for the three-year international media rights, but no one could match it.
No one reached the 3 year reserve price, the bid was limited to only 2 home series.
According to the details, the international media rights of the home series between Pakistan and New Zealand were sold for $99,000, which is about Rs. 3 Crore Pakistani.
The Pakistan Cricket Board allocated an unreasonable reserve price of around $21 million for the 3-year international media rights, which no one could even come close to. Willow and Sports Five also participated in the process.
Sports Five made the highest bid of $7.8 million, Pakistani companies bid around $4.1 million and Willow $2.25 million.
When the reserve price did not match, the board conducted a second round of bidding asking the participating parties to increase the price.
In the second phase, SportsFive did not increase its previous offer of 7.8 million.
Pakistani companies almost doubled their bids to 7.85 and won the bid, but the PCB rejected all bids this time as none reached the reserve price.
Then there was a re-tendering only for the home series with New Zealand and the women’s series against the West Indies, in which both Pakistanis
The combined bids of the companies stood at $99,000 (approximately Rs. 2.76 million), Willow bid $75,000 and Sports Five bid $50,000.
Remember that 5 T20 matches between Pakistan and New Zealand will be played from April 18 to April 27 in Rawalpindi and Lahore.
While the women’s series between Pakistan and West Indies is scheduled in Karachi from April 18 to May 3, it will feature 3 ODIs and 5 T20Is.
