Diabytes
IPL new teams News
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The Indian cricket board (BCCI) on Monday (October 27) named RPSG Ventures Limited and Irelia Company Pte Ltd. (CVC Capital Partners) as owners of the new IPL teams from 2022. RPSG Group bagged the Lucknow franchise by paying a whopping Rs 7,090 crore while CVC Capital made the second-largest bid (Rs 5,600 crore) to win the Ahmedabad franchise.
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The Indian cricket board will be expecting the two new IPL franchises to go for Rs 7000 crore to Rs 10,000 crore each after the bidding process begins on Monday. It is still not clear whether the BCCI will announce the successful bidders on Monday itself after doing the technical evaluation of the bids.
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The Board of Control for Cricket in India (BCCI) on Wednesday announced that they have decided to extend the date for purchasing the Invitation to Tender (ITT) for the right to own and operate one of two proposed new IPL teams document till October 20.
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As per an interesting clause, the team with the lowest bid will have the first right to pick a player from the elite list of players from the two popular franchises.
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The IPL Governing Council on Sunday decided to omit Jaipur and Kochi from the list of cities which will bid for new IPL teams on December 8.
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