BFI Announces ACG Sports as the Organising Partner of National Star Basketball League
The Letter of Award (LOA) was given at a price of INR 20.6 Crores annually on 5x5 league & INR 10.3 Crores annually on 3x3 league for the next 7 years, a total investment of INR 216.30 crores.
The Basketball Federation of India (BFI) is delighted to announce the successful conclusion of the bidding process to finalise the organising partner for the National Star Basketball League. The financials of the bids were opened today i.e., 28th June 2024.
The Letter of Award (LOA) was given at a price of 20.6 Crores annually on 5x5 league and 10.3 Crores annually on 3x3 league for the next 7 years in the presence of the Overseer, Hon’ble Mr. Justice S. Ravindra Bhat (Retd), the Chairperson, League Committee and BFI President, Shri Aadhav Arjuna and the Secretary General, BFI, Shri Kulvinder Singh Gill to ACG Sports Private Limited.
This brings a total investment of INR 216.30 crs for 7 years marking the historic moment in the Indian Basketball.
This initiative aims to provide India's elite basketball players with a premier platform that not only offers exposure but also significantly enhances their career prospects.
The bidding process, which commenced on 27th May 2024, was a part of BFI's ongoing efforts to elevate the standard of basketball in India. The National Star Basketball League of India is poised to become a cornerstone of the basketball calendar, showcasing the best talents across the nation. With ACG Sports at the helm, the league is set to deliver an exceptional experience for players and fans alike, fostering the growth and development of basketball in India.
Mr. Aadhav Arjuna, President, Basketball Federation of India:
“I am thrilled to announce the commencement of an exciting new chapter in Indian basketball history - the establishment of the National Star Basketball League by the Basketball Federation of India (BFI). As the President of BFI, it brings me immense pride to introduce this groundbreaking initiative that aims to revolutionize the landscape of basketball in our country.”
***
If you've come this far...
Appeal to readers - ₹₹ Support Ekalavyas: Ekalavyas is India's first and only basketball media company. We are not foreign-funded, nor investor backed. Your support and encouragement have got us this far. We now need your financial assistance to ensure we can keep providing you timely, accurate and important information. Please contribute via https://razorpay.me/@ekalavyas 🙏🏾. We are accepting contributions as low as Rs. 1/- (including a small processing fee charged by the payment gateway provider). Thank you for playing a part in keeping media independent and objective!