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KPMG will evaluate the ‘viability’ of bids received for the long-term commercial rights of Indian football. football news

KPMG to evaluate 'viability' of bids received for long-term commercial rights of Indian football
The AIFF Executive Committee has referred three long-term commercial rights bids for club competitions to KPMG for audit. The decision has been taken following ISL clubs’ request to avoid a binding decision on the 15+5 rights cycle. The clubs will also meet bidders to resolve queries, ensuring transparency before the matter is considered by the AIFF General Body.

New Delhi: The Executive Committee of the All India Football Federation (AIFF) has decided to refer Three long-term bids for commercial rights to club competitions Auditing firm KPMG for “assessment of feasibility and key aspects”. This decision came a day after this Indian Super League (ISL) clubs urged the governing body against taking a “binding decision” on the 15+5 rights cycle.AIFF received three bids: FanCode and Genius Sports (for ISL and Federation Cup) and Capri Sports (for Indian Women’s League and IWL 2). Genius Sports has bid Rs 64.39 crore per year (approximately Rs 2129 crore for 20 years), while FanCode has bid Rs 36 crore (approximately Rs 1190 crore) per year. Capri Sports is the only bidder to invest Rs 150 crore over 20 years for women’s football.

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ISL commercial rights: AIFF receives two different bids

“Three bids received by FanCode and Genius Sports (for ISL and Federation Cup), and Capri Sports (for IWL and IWL2) for the relevant commercial rights were placed before the Executive Committee,” the AIFF said in a statement.“After detailed deliberations, it was decided that KPMG will prepare comprehensive comparison tables evaluating the feasibility and key aspects of the bids,” the statement further said.During the bid opening process on March 27, the clubs had cited not having enough time to read the Request for Quotation (RFQ) document. The key document was shared with the clubs only 12 hours before the bids opened.Clubs were also unhappy with the proposed 60-30-10 revenue model between clubs, commercial partners and the federation. They had sought a separate presentation from the bidders to evaluate and understand their approach.During the AIFF Executive Committee meeting, it was made clear that the process will be followed as requested by the clubs.“To ensure greater clarity and transparency in the process, clubs associated with the competitions will also hold meetings with the respective bidders to address any queries they may have,” the AIFF said.“After preparation of comparative analysis, bidders will be requested to submit the term sheet within a stipulated timeline.“The matter will subsequently be placed before the AIFF General Body for consideration in accordance with the provisions of the AIFF Constitution,” the statement said.

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