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PSL Broadcasting Rights Price 2022, Production Price, Facts & Procedure

Here we are providing you the complete information regarding the PSL Broadcasting Rights Price 2022, Production Price, Facts & Procedure. Pakistan Cricket Board has increased 358 % of the previous broadcasting rights price. The channels PTV sports and ARY are at the highest for purchasing the broadcasting rights. They purchased the T20 World Cup 2022 broadcasting rights for telecasting the live matches on their channel. Now ARY digital and PTV Sports will be live broadcasting the upcoming PSL 7. It will be the seventh edition of the Pakistan Super League. The Esports live channel and PTV Sports are going to broadcast all the PSL matches this year as well as in the coming years. The bid got an amazing increase in 2022 PSL because of the interest of various broadcasters in promoting Pakistan cricket.

PSL Broadcasting Rights Price 2022, Production Price, Facts & Procedure

PSL Broadcasting Rights Price 2022 – Things You Should Know:

The bid has increased dramatically as a result of the broadcasters’ desire to highlight Pakistan’s top cricketers. As a result of the Pakistan Cricket Board’s efforts, cricket in the country has become more popular. For the first time, an international team ended the year with a record of 20 wins in the Twenty20 International format.

Salman Naseer, acting CEO of the Pakistan Cricket Board said that;

“The exceptional interest in the PSL broadcasting rights for 2022 illustrates how popular the tournament has become despite just being established six years ago”.

The Pakistan Cricket Board describes the fair and merit-based bidding procedure used to award the Pakistan PSL TV Broadcast media rights for 2022-2023 on Thursday, December 23rd, 2021. It was done to better understand PSL stakeholders, fans, and supporters.

PSL 7 Broadcasting Rights, Facts and Procedures:

On December 1st, two significant local newspapers ran a public tender advertisement for the PSL TV Broadcast media rights for 2022-2023. For technical and financial proposals, the deadline for submissions was Dec. 23. Technically qualified bidders were required to submit financial proposals specifying their aggregate offer for two years (2022 and 2023).

Both IMC, the parent company of GEO, and ARY Communications Pvt. Ltd, Pakistan Television Corporation Limited (PTCL), and the consortium that owns Pakistan Television Corporation Limited submitted bids for the project. PCB officials were questioned about Pakistan Television corporation’s decision to affiliate themselves with the ARY network just before announcing the reserve price set by the PCB. It was recommended by the PCB that this question be sent to the PTVC, as they would be in the greatest position to respond.

Before the PCB declared the Reserve Price and opened the sealed financial offers, bidders were asked whether they had any additional issues or objections. Both bidders agreed to proceed with the bidding procedure without further discussion. In the presence of both bidders, the PCB announced the Reserve Price of PKR 3.584 billion for two years.

ARY and its representative PTVC’s noted that their financial offer, as specified in the earlier submitted Financial Proposal document, was for one year. It was requested that its value be considered doubled before the financial offers could be opened. At this late stage, the PCB told the ARY/PTVC representative that a verbal request for alterations to the sealed financial proposal would not be accepted. As a result, the request was denied, and the bidders agreed with this judgment.

Broadcasting Rights to the PSL 7 Production:

Sports and PTV Sports have signed a USD 24 million deal with the PSL. Pakistan cricket’s biggest product, which inspires thousands of young people to take up the sport, should be valued by the cooperation between ARY and PTV.

The bidders’ financial bids were examined, and the following information was discovered:

  • IMC = 3,360,000,000 Pakistani rupees for the total rights fee.
  • An estimated PKR2,108,786,786 in total fees = The Reserve Price of PKR3.584 billion, set by the PCB, was not fulfilled by either bidder.

There was a one-hour deadline for sealed amended financial bids. It was from both bidders to match or exceed the Reserve Price, according to the predetermined process outlined in the bid agreement. In the next steps, the PCB will open the amended financial offers and award rights to the highest bidder who has paid more than the Reserve Price for the property.

After evaluating the amended financial bids, both bidders exceeded the Reserve Price as follows:

  • Fee for all rights – IMC = 3,740,000,000 Pakistani Rupees
  • It costs PKR4,350,786,786 – ARY/PTVC to acquire the rights to the film. As a result, the PCB Bid Committee recommended that ARY/PTV be awarded the rights.

Broadcasting Rights Bid Evaluation Report:

PCB released a report on December 23 entitled “Bid Evaluation Report for PSL TV Broadcast Media Rights for 2022-2023 on the PCB Corporate Website. The Bid document’s pre-defined process was followed at all times.

If you have any post-bidding concerns or objections, PCB’s Grievance Redressal Committee is the place to solve them. There have been no formal complaints filed against the PCB by either of the two bidders to date. The PCB bidding committee requested that all bidders submit new bids. ARY and PTV offered Rs4.35 billion over two years during the rebid process.

For two years, Geo Super’s offer was Rs3.7 billion. Because it violated the court’s judgment, the Geo management objected to the formation of the PTV, ARY partnership without inviting further parties. According to Geo though, the PCB’s bidding committee has no jurisdiction over this matter and Geo is in charge of bringing it up with the necessary platforms. So this was the complete detail regarding the PSL 7 broadcasting rights price. The further matches will be exciting and cricket fans can enjoy a lot.

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