Team India kit sponsorship: Puma buys offer document, Adidas could also enter fray
German leader in sportswear and footwear Puma could be the leader in securing the sponsorship rights for the Indian cricket team kit, while rival Adidas could also enter the fray.
However, it was not possible to confirm whether Nike would make a new offer after refusing BCCI’s reduced offer of its 370 crore rupees (plus a 30 crore royalty), which it paid from 2016 to 2020. .
âI can confirm to you that Puma bought the ITT (Invitation to Tender) document worth Rs 1 lakh. Although buying an offer document does not mean you are bidding, Puma has shown a real interest in submitting an offer, âsaid a senior BCCI official. PTI under conditions of anonymity.
It is learned that Adidas has also expressed interest, but it is still not known if he will bid for the sponsorship rights. Although some believe that the German giant could bid independently for commodity products, which will be the subject of a separate tender.
The sale of exclusive merchandise depends on the number of exclusive stores in a business as well as outlets (stores that sell your business products).
While Puma has over 350 exclusive stores, Adidas has over 450 outlets, making these two companies the most sought after.
An industry insider explained the sponsorship issue in these turbulent economic times.
âDon’t be surprised if the new rights holder pays around 200 crore for a five-year contract, which will be significantly less than what Nike paid in the previous tenure,â explained the industry veteran.
âLook, BCCI offered Nike the first right of refusal and that too a reduced offer which they declined. That could mean two things. Either they are not interested or they can submit an even smaller offer than the one offered. by the BCCI â, he declared.
As for Puma, he has had an increased interest in the Indian market over the years, especially through IPL, but now he also has Indian captain Virat Kohli as a brand ambassador along with KL Rahul.
“Puma has been part of IPL for a few years now and with Virat on their list, it would only strengthen their presence in the Indian market,” he added.
The BCCI in its new offer has maintained a base price of Rs 61 lakh per game compared to Rs 88 lakh during the last cycle.