Bidders refuse to raise initial offer
Wednesday, 30 January 2008

Staff Correspondent

The Bangladesh Cricket Board’s hopes of selling the sponsorship rights for the upcoming home series against South Africa at a higher price received a jolt when the aspiring bidders did not respond to their request to increase the initial offer.

AB Bank and Axiom Technologies had participated in the tender, which was scheduled to be finalised on Sunday, but BCB officials said none of them met their expectation. The BCB had asked them to come up with a renewed offer only to get a very poor response.

AB Bank, which wanted to buy only the title sponsorship rights and offered Tk 50 lakh against the floor price of Tk 1.20 crore, did not respond to the request at all. Axiom Technologies, the sole bidder in all three sponsorship packages that included the title sponsorship, parameter board, mid-wall, bowling ends, boundary ropes and pitch mats, offered only Tk 70,000 more from their initial offer of 1.12 crore.

The BCB demanded at least Tk 2 crore for all three packages. ‘Our client was not interested to increase the offer anymore. So we had no other option but to give a token renewed offer,’ said Rizwan bin Faruque, the managing director of marketing company Axion.

The BCB was clearly unhappy with the renewed offer and thus did not award the rights to either AB Bank or Axiom. ‘We have the right to issue a re-tender. But before going for it, we will sit further.

Hopefully within a day or two we will be able to take a decision,’ said Mirza Salman Ispahani, the chairman commercial committee of the BCB. South Africa are due to arrive on February 14 to play two Tests and three one-day internationals.

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