MASHAL SPORTS PRIVATE LIMITED INVITES EXPRESSIONS OF INTEREST FOR PRO KABADDI LEAGUE NEW FRANCHISE TEAMS
Reference: Invitation for Expression of Interest Dated - March 29, 2017
Mashal Sports Private Limited (“Mashal”) has, pursuant to the Invitation for Expression of Interest dated March 29, 2017, published by Mashal in national english daily newspapers, a copy of which is available at www.prokabaddi.com/newteams (“Invitation”) has called for expressions of interest (“EOI”) to be submitted by eligible persons, fulfilling the criteria provided for in the Invitation, who wish to participate in a competitive bidding process (“Tender Process”) proposed to be run for the award of the rights to own, operate and manage a proposed new franchise team which will compete in the Pro Kabaddi League owned and operated by Mashal (“PKL”) from and including the PKL seasons to be held in 2017 onwards, on such terms and conditions as agreed with Mashal.
Every EOI in response to the Invitation must be submitted, in accordance with the Invitation, by no later than 11:59 pm IST on April 09, 2017. Such EOI must be submitted by way of an email (with all relevant attachments) to firstname.lastname@example.org.
Every EOI submitted pursuant to the Invitation must contain all of the following information and documents:
Corporate Profile: A brief overview of the background and history of the bidder, its group and affiliates including promoter and current business and operations.
PKL Proposal: A brief description of bidder’s reasons for wanting to participate in the PKL, plans for the growth and development of the sport of kabaddi, PKL and the team.
Sports Experience: Details of any previous experience in any sports related activity, including participation in any sporting leagues, sports sponsorships, sporting bodies, academies or otherwise.
Certificates: (a) Net worth certificate furnished by a chartered accountant certifying the Net worth of the bidder (or of the parent) as of March 31, 2016, and (b) a certificate executed by an authorized signatory of the bidder certifying compliance with the fit and proper criteria listed below.
Consortium Information: Details of each consortium member, and a description of each member’s interest in the consortium, including effective voting / controlling interest and economic interest, and identification of the lead member and representative All of the information and documents listed in (a) to (d) above must be provided in respect of each member of the consortium.
Any information the bidder may wish to highlight to Mashal as being relevant in connection with such EOI.
Fit and Proper Criteria
The EOI must contain a certificate, duly executed by the authorized signatory of the bidder (in the case of an EOI submitted by a consortium, duly executed by the authorized signatory of each member of the consortium), certifying each of the following with respect to each bidder and each member of the consortium:
None of the bidder, its affiliates or any of its or their respective directors, partners, executives or key managerial personnel (each, an “Identified Person”) have been convicted by a court of any offence involving moral turpitude, economic offence, securities laws or fraud;
No application for winding up, liquidation, bankruptcy or insolvency has been admitted by any court of competent jurisdiction against any Identified Person;
None of the Identified Persons have been declared insolvent or bankrupt or is subject to striking off, disqualification or de-recognition by any professional body or authority;
None of the Identified Persons are currently, or have previous been, banned by the governing body of any sport from involvement in the administration of or any form of participation in such sport, for any reason;
None of the Identified Persons own any form of interest (whether by way of shares, units, securities or any other form of voting or economic interest) in any club, league, team or organization, which is or has previously been expelled from any competition organized by or under the auspices or sanction of any governing body or authority for any sport;
None of the Identified Persons are, or have previously been involved or interested in, in any manner, the production or provision of goods or services which are illegal; and
None of the Identified Persons are in default of any of their obligations to a financial institution or have defaulted on any of its obligations to a financial institution in the last 3 (three) financial years.
It is clarified that any person who is a director, employee, or executive of Mashal, Amateur Kabaddi Federation of India (AKFI), International Kabaddi Federation (IKF), existing franchises of PKL (including any of their affiliates, constituent partners, or members), or any relative of such director, employee, or executive, will not be eligible to participate in the present process of new franchise allotment in PKL, either directly or indirectly or through any other bidder (through shareholding, partnership, affiliation, or by any other form of agreement (oral or written)).
MASHAL SPORTS PRIVATE LIMITED INVITES EXPRESSIONS OF INTEREST FOR NEW FRANCHISE TEAMS IN PRO KABADDI LEAGUE
PKL League Expansion: Mashal Sports Private Limited (“Mashal”), hereby calls for expressions of interest (“EOI”) to be submitted by eligible persons, fulfilling the criteria provided for herein, who wish to participate in a competitive bidding process (“Tender Process”) proposed to be run for the award of the rights to own, operate and manage a proposed new franchise team which will compete in the Pro Kabaddi League owned and operated by Mashal (“PKL”) from and including the PKL seasons to be held in 2017 onwards, on such terms and conditions as agreed with Mashal.
Eligible Bidders: EOIs may be submitted by any person (a) who is a body corporate incorporated in India having a net worth (either itself or through its parent) of more than INR 100 crore as per its audited financials for the financial year ended on March 31, 2016 (“Net Worth Threshold”), or (b) on behalf of a consortium of persons, if such person is a member of such consortium, holds more than 51% of the voting / controlling and economic interest in such consortium and is a body corporate incorporated in India having a net worth (either itself or through its parent) in excess of the Net Worth Threshold.
Team Locations: Persons who are shortlisted to participate in the Tender Process on the basis of EOIs submitted in response to this invitation for EOI, may submit bids (in accordance with the Tender Process) for the award of rights to own, operate and manage city-based franchise teams in respect of up to all of the following four states: Tamil Nadu, Gujarat, Uttar Pradesh & Haryana.
EOI Submission Requirements: Eligible interested persons should submit an EOI in response to this invitation by no later than 11:59 pm IST on April 9, 2017. Such EOI must be submitted by way of an email (with all relevant attachments) to email@example.com. For details on eligibility criteria, terms and conditions regarding EOI submission, please visit www.prokabaddi.com/newteams. All EOIs submitted must necessarily contain all documents specified in such terms and conditions.
Bidder Selection: All shortlisted bidders will be invited to participate in the Tender Process. All shortlisted bidders will need to fulfil each of the requirements specified in the tender documents.
Confidentiality: Every person who submits an EOI pursuant to this invitation, undertakes and agrees that it shall keep confidential all information in connection with the EOI, including without limitation, the fact that it has submitted a bid, Mashal’s decision in relation to such shortlisting of bidders and any bidders being shortlisted to participate in the Tender Process or not, any shortlisted bidder’s intention to participate, and/or subsequent participation, in the Tender Process, and any information in connection with each of the foregoing, including the status thereof.
Mashal reserves the right, at its discretion, to cancel or amend the Tender Process, or any element thereof, at any stage and to reject any bids without being required to provide any reason for such rejection. Merely submitting an EOI does not entitle a person to the right to bid or participate in the Tender Process, nor does it in any manner ensure the success of such person’s EOI or subsequent bid.
This invitation for EOI is subject to compliance with the terms and conditions mentioned at www.prokabaddi.com/newteams
Date: March 29, 2017