BCCI has postponed the IPL media rights bidding process which was to be held on Tuesday 25th October 2016.
Since the Supreme Court order on October 21 had made the Lodha Committee the custodian of the IPL tender process, the BCCI will have to wait further directives from the panel before proceeding with the bidding for the IPL media rights.
In BCCI's release, they stated that it has been postponed due to unforseen circumstances and that they have no control over the postponement.
The BCCI stated,
“
The BCCI requests all bidders to appreciate that the events as have occurred were unforeseen and something over which the BCCI has no control.
”
A new date has not been given for the process.
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