{"id":13197,"date":"2018-09-19T03:55:55","date_gmt":"2018-09-19T03:55:55","guid":{"rendered":"http:\/\/faceinews.com\/?p=13197"},"modified":"2018-09-19T03:55:55","modified_gmt":"2018-09-19T03:55:55","slug":"mjunction-joins-hands-with-sporty-solutionz-to-create-e-auction-solutions-for-sports","status":"publish","type":"post","link":"https:\/\/www.faceinews.com\/?p=13197","title":{"rendered":"mjunction joins hands with Sporty Solutionz to create e-auction solutions for sports"},"content":{"rendered":"

\u00a0\"Agreement<\/a><\/strong><\/p>\n

\"Faceinews<\/a><\/p>\n

KOLKATA, September\u00a014, 2018<\/strong>\u00a0\u2013\u00a0<\/strong>mjunction, India\u2019s largest B2B e-commerce company, has announced a tie-up with one of India\u2019s leading brands in 360\u00b0 business of sports \u2013 Sporty Solutionz Private Ltd \u2013 to provide innovative digital solutions to the global and national sports federations, sports media rights and commercial property owners.<\/p>\n

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mjunction has created a benchmark with the successful e-auction of the Board of Control for Cricket in India (BCCI) media rights earlier this year. Now, mjunction and Sporty Solutionz will together take the revolutionary technology to the global sports market. The amalgam of the best digital auction solution creators and the professionals with a complete understanding of the complex sports business world will provide complete and customized e-auction and e-sales programmes, which are the future of the multi-billion dollar global sports business.<\/p>\n

mjunction\u00a0CEO Mr Vinaya Varma<\/strong>\u00a0said,\u00a0\u201cWe will use our long years of experience and robust technology platform to design and customise the best possible fair, transparent and equitable e-auction solution for sports federations around the world. We are confident this partnership with Sporty Solutionz will help us to make deeper inroads into the sporting field.\u201d<\/p>\n

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\u201cNational and international sports federations will be able to finalise the right value for their media rights through a transparent e-auction mechanism designed by mjunction. The e-auction platform will bring in disintermediation, negating corruption charges levelled against these federations, and help them adopt a process that is efficient and transparent,\u201d Mr Varma added.<\/p>\n

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On the partnership,\u00a0Sporty Solutions CEO, Ashish Chadha said<\/strong>, it was the best thing to happen to the sports fraternity \u2013 from players, associations and administrators to the entrepreneurs and corporate in the business of sports.\u00a0\u201cThrough our combined experience and resources, we will not only help bring transparency in sport world\u2019s commercial eco-system but also ease out the entire rights, tendering and sales processes. Sports has witnessed tremendous technical and digital growth in the performance and presentation aspects of the games. The commercial side of the sports world has somehow lacked in keeping pace with the technology. Sporty Solutionz and mjunction together are committed to fill that void. It will be a continuous process. Our joint aim is to bring in revolutionary tech changes that will not just fulfill the needs of the sports business world, but will lead the digital growth of this sphere from the front,\u201d\u00a0said Chadha. \u00a0<\/strong><\/p>\n

Bringing about a digital revolution in the world of sport, mjunction had kicked off FY19 with the first ever e-auction for the Board of Control for Cricket in India (BCCI) to award the media rights for the international and domestic cricket matches to be organized and hosted by the BCCI. The high-tech auction gave to the board better<\/p>\n

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revenues than expected figures, enabled the bidders evaluate their commercials even during the bidding process and above all brought in the much-needed transparency in the entire system.<\/p>\n

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mjunction and Sporty Solutionz together will be creating a wide range of solutions for all business and trade in sports internationally.<\/p>\n

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With India steadily becoming a sporting super power, it is time to bring in some novelties that will help the federations and sports bodies to create a strong monetary foothold as well as get into the global market to sustain themselves.\u00a0\u201cMost federations even if out of aspiration now think in terms of higher monetary worth for them they fall short on the model and tools to fully exploit that potential. Our\u00a0idea\u00a0is to help them realise that hidden and unexploited potential in the interest of the sport and the sportsmen,\u201d added Chadha.<\/p>\n

In the last 17 years, mjunction has transformed supply chains and processes of some of the most crucial sectors in a nation\u2019s economy \u2013 steel, coal, oil and gas fields, foodgrains, ocean vessel chartering and telecom spectrum \u2013 to name a few.<\/p>\n

Sporty Solutionz, with its vast experience in the field of managing various sports, has added a new dimension to not only help right holders achieve a fair value but also add to the sporting assets of national or international federations.<\/p>\n

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About mjunction:<\/strong>\u00a0mjunction services limited is the largest B2B e-commerce company in India and operates the world’s largest e-marketplace for steel. Founded in February 2001, mjunction is an equal joint venture between Indian steel conglomerates Tata Steel and Steel Authority of Indian Limited (SAIL), and provides a transparent and efficient electronic marketplace where buyers and sellers of diverse goods and services can transact in a model that delivers value to both parties.
\nHeadquartered in Kolkata, India, the company has a strength of about 900 professionals across 20 offices in the country, and a presence in more than 40 locations. Internationally, it has a business footprint in Australia, Singapore, UK and the United Arab Emirates. mjunction also has its own office in Dubai UAE. Since inception, mjunction has e-transacted over Rs 658,108 crore till FY18 on its various e-platforms. It has service offerings spanning the entire B2B e-commerce spectrum and covers e-sales, e-sourcing, e-procurement, e-finance and loyalty solutions. More than 2 lakh entities transact on these platforms. mjunction is ISO 9001:2008, ISO 27001:2013 certified and is appraised at CMMI Level 5. It won the \u201cBest E-commerce Company of the Year\u201d Award in the \u201cET NOW Making of Developed India Awards\u201d 2018.<\/p>\n

About\u00a0Sporty Solutionz:<\/strong>\u00a0Sporty Solutionz is India\u2019s leading sports company in the 360\u00b0 business of sports \u2013 from media rights syndication to creation of sports IPs, broadcast, production, events and sports IP sales. With a rich talent pool, Sporty Solutionz with innovative solutions has enhanced every area of sports business including distribution of sports media rights, host broadcast, digital media, programme production, event operations, brand development, sponsorship and online entertainment. Sporty to its credit has the creation of India\u2019s first non-cricket professional sports league \u2013 Indian Badminton League and the Pro Wrestling League. The company has been serving and assisting as core consultants to various sports federations and international cricket boards, India\u2019s leading corporates, government departments and public sector undertakings.<\/p>\n

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SSPL enjoys a healthy professional relationship with almost all the international sports bodies and National Olympic Associations, sports intellectual property owners, top broadcasters across the world.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 KOLKATA, September\u00a014, 2018\u00a0\u2013\u00a0mjunction, India\u2019s largest B2B e-commerce company, has announced a tie-up with one of India\u2019s leading brands in 360\u00b0 business of sports \u2013 Sporty Solutionz Private Ltd \u2013 to provide innovative digital solutions to the global and national sports federations, sports media rights and commercial property owners.   mjunction has created a benchmark […]<\/p>\n","protected":false},"author":2,"featured_media":13198,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-13197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"_links":{"self":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13197"}],"version-history":[{"count":1,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13197\/revisions"}],"predecessor-version":[{"id":13199,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/posts\/13197\/revisions\/13199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=\/wp\/v2\/media\/13198"}],"wp:attachment":[{"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.faceinews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}