Ahmedabad and Lucknow are front-runners to have a new IPL franchise according to source’s version. Adani Group is reportedly going to bid for a franchise from Ahmedabad while the Manchester United owners are the second party to bid in the cash-rich IPL.
The bidding process for two new IPL franchises is likely to take place on October 25. A BCCI release had said, “Pursuant to requests from various interested parties, BCCI has now decided to further extend the date for purchasing the ITT document till October 20, 2021,” a BCCI release had said. The IPL will be a 10-team tournament from next year. The interested parties who have picked up bidding papers are:
Sanjeev Kumar – RPSG.
Glazer Family – Manchester United Owners.
Adani Group.
Naveen Jindal – Jindal Power & Steel.
Torrent Pharma.
Ronnie Screwvala.
Aurobindo Pharma.
Kotak Group.
CVC Partners.
Singapore Based PE Firm.
Hindustan Times Media.
Broadcast & Sport Consulting Agencies ITW, Group M.
The Indian cricket board is expected to have something between Rs. 7000 crore to 10,000 crore from the team bidding of IPL, according to a report by PTI. The bidding papers, in the form of the ‘Invitation to Tender’ document, could be bought by any interested party for a cost of Rs. 10 lakh.
Six cities were earlier shortlisted by the board which are Ahmedabad, Lucknow, Cuttack, Guwahati, Ranchi and Dharamshala — as bases for the two new teams. Even earlier IPL saw 10 teams participating in the competition with Pune Warriors India and Kochi Tuskers Kerala joining in 2010. But both franchises were terminated later. During the suspension of Chennai Super Kings and Rajasthan Royals from the league, Rising Pune Supergiant and Gujarat Lions joined the league as temporary participants.
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