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Pro Volleyball League floats franchise bid tenders

BS Reporter/New Delhi 15 May 18 | 02:34 AM

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The Volleyball Federation of India (VFI) and Baseline Ventures have announced the commencement of the bid process for the Pro Volleyball League, scheduled for the second half of 2018. 

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The bid documents for prospective franchise owners of the league will be available from 15 May at Baseline Ventures offices in Gurgaon (Delhi NCR), Mumbai (Maharashtra) and Bengaluru (Karnataka) at a deposit of Rs 50,000/- (non-refundable fee). The minimum bid for each franchise is Rs 30 million and the bidders have to provide a preference of top two cities as home franchise from an available 14 cities.

Joy Bhattacharjya, CEO, Pro Volleyball League said, “In the first season, we are looking at six partners who share our vision of taking Indian volleyball to the next level as franchise owners. We want strong partners who will build this product with us as we go along."

 A bidder will be able to bid for two cities of its choice and the final winning bids for the six teams will be chosen as per the eligibility parameters mentioned in the bid document which includes their interest in the development of the sport in India."

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