There was some provision on tenders that bidders are allowed to bid lower than the base price. This KSR guy is pretty reliable on money numbers, might not be accurate but 99% time he comes very close.
The recent bid was for just 4 years, in comparison to the previous deal which was 8 years (around $2 Billion or something) so it's possible that SONY bid was lower.
This is another thread from him.
https://twitter.com/KShriniwasRao/status/1564226662656626689Anyway, I guess the ICC got more than what they were expecting. Personally I was expecting somewhere in the range of $2.0 to $2.5 billion, given that the reserve price of $1.44 sounded a bit optimistic. Looks as if Disney-Star desperately wanted to win the media rights, since Ten Sports has grabbed the rights to bilateral series with most of the national boards. This bid by Disney-Star just proves how desperate they are. I am interested to know how much the ICC may get from the other regions. US/UK is also a lucrative market and is going in the next round.
After all, they have to keep engaged their 10s of million paid subscribers so desperation is very much understandable. Having said that the way other competitors submitted their bids conservatively, it does seems that Disney really overpaid here, another interesting factor is the timezone of 2024 T-20 WC (USA, WI), it's not suitable for IST.
@JSRAW all
OTT platform are facing serious competition hence I can understand why they over paid, and further this industry is very lucrative and thus what may look expensive for us may actually be a bargain for them considering that they’ll make a lot more as advertisers are paying premium amounts to advertise on OTT platform’s.
Big fours are formed because rest of the boards surrendered there rights to them. Recently women cricket is included in common wealth games but not men. The real reason is big 3 don't wanna cricket to have more counties that can challenge there authority.
They are afraid that their revenue may get impacted. If cricket is included in multi-sport events such as Olympics, then there is not much financial benefit for the ICC (or for the national boards). In the end, cricket is being administered by businessmen and their sole consideration is money. That is the reason why they don't want men's cricket in Olympics. Another reason is that for Olympics direct qualification is not allowed. Each and every team needs to take part in the qualifier tournament. This is not acceptable for boards such as the BCCI.
The biggest part of this all talk is they are afraid of get impacted in revenue which they don't want specially BCCI because they are big gainer and with this all they are not feeling good it's all understandable so if they are not happy then surely others can go by their own way which is also not bad at all.
BCCI not participated in these events because if they are not happy then surely they can leave this all for others which is also not bad and if they want to do then surely they can go with option like Under-23 teams or all teams can send their A team which is also not bad at all because in soccer they are mostly sending their Under-23 teams which are also good for the all countries and BCCI is not happy with qualifier it's really disgusting they have to follow all rules which are applicable and others are going through with them.
@Sithara007 I believe another fear is that Olympic’s could over shadow IPL in the long run, and BCCI will not allow any other tournament to steal IPL’s limelight hence it’s understandable why they’re so opposed to men’s team’s participation in Olympic’s.