SLC to offer matching rights to IPG after term ends

Sri Lanka Cricket(SLC) has decided to offer matching rights for the current event right holder of the Lanka Premier League (LPL) at the end of the current five-year term, if they are willing to pay 25% more than the highest bid. At the conclusion of the existing contract, the board has decided to call for tenders with matching rights to the current rights holder.

The Dubai-based company– The IPG Group, the current LPL event right holder, has requested for five years of matching rights for the tournament at the conclusion of the current five-year contract to recover their investment citing huge losses totaling to US$2.4 million from the first year itself.