The Bangladesh Cricket Board (BCB)'s (BCB) agreement with International Management Group (IMG) was a matter of time. That process suffered a setback when the new committee of the BPL Governing Council could not agree on some terms of the agreement. Those unresolved issues moved towards resolution in yesterday's meeting between the BCB and IMG.

The organization has agreed to sign a three-year contract with the BPL. BCB Vice President Shakhawat Hossain confirmed this information to Samakal on Tuesday. He said that several important decisions were taken in yesterday's meeting. Franchise ownership for five years. If the franchise is finalized, the players' draft will be held on November 17.

BPL Governing Council Member Secretary Iftekhar Rahman Mithu said that there have been discussions about taking five to six franchises for the 12th edition. Although the advertisement mentioned a minimum of five franchises, he said that the number of teams could be increased to six to make the tournament more attractive. This time, the franchise fee has been set at Tk 2 crore. The institutions will have to provide an equal amount of bank collateral along with the application form. The fee will increase by 15 percent every year.

A bank guarantee of Tk 10 crore will have to be given every season for a period of six months. Shakhawat Hossain said that 30 percent of the TV broadcasting rights, grounds rights, and ticket sales profits will be given to the franchises. In addition, both teams will get the opportunity to advertise team sponsors on the perimeter board for 15 minutes during the match.

The prize money for the champion team has been set at 2.75 crore taka. The runner-up team will get 1.75 crore taka. In the last BPL, the champion team received 2.5 crore taka and the runner-up team received 1.5 crore taka. In addition, the revenue from ticket sales has been divided among the seven teams. The four playoff teams have been given 5.5 lakh taka, and the remaining three teams have been given 4.5 lakh taka.