SPNI has maintained that there exists a "first rights clause" in their IPL contract, under which they had written to BCCI to give them a 'final written offer' to renegotiate the telecast deal. "Gone are those days when Lalit Modi used to conduct deals the way he did," said an industry bigwig, referring to the 2008 IPL broadcast rights deal with World Sports Group . "It is clear that no deals will now be conducted outside of an open bidding process," a source said. * Agents may not be allowed to bid for the rights for the Indian sub-continent but could be allowed to participate in bidding for overseas rights so as to ensure last-mile connectivity. * The ITT for all rights - Indian sub-continent and overseas - is expected to be for a period of 10 years.However, it is the telecast rights for the Indian sub-continent that will continue to remain the big pie for potential buyers to dig in.

Source: Times of India September 08, 2016 03:00 UTC