According to sources close to the tender process, Ahmedabad and Lucknow are obvious top contenders for two additional teams in the 2022 Indian Premier League. Presently, the IPL auction will take place in Dubai on Monday, October 25th, and a number of global corporate leaders are curious about owning the new franchises. Here we have discussed about Who Are Frontrunners For IPL 2022 New Teams.
Who Are Frontrunners For IPL 2022 New Teams
Adani Group, a well-known Indian MNC, is said to be bidding for the Ahmedabad unit. In the cash-rich and renowned event, the two highest bids will go on to acquire the 2 new teams. The next IPL season will include ten teams.
According to reports, the Board of Control for Cricket in India (BCCI) expects applicants to pay between INR 7000 and 10,000 crores. The BCCI determined the starting price for the new clubs at INR 2000 crores.
BCCI postpones the bidders’ time limit
The Indian board also permitted firms with yearly revenue of INR 3000 crores to bid for the additional teams. The world’s richest cricket board had also postponed the bidders’ time limit until Wednesday, October 20.
“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.
Torrent Pharma, Aurobindo Pharma, Kotak Group, Sanjeev Kumar – RPSG, CVC Partners, Glazer Family – Manchester United Owners, Hindustan Times Media, Broadcast & Sport Consulting Agencies ITW, Naveen Jindal – Jindal Power & Steel, Group M, Adani Group, Singapore Based PE Firm and Ronnie Screwvala are among the groups picked to bid for the 2 additional teams.
Earlier, the BCCI picked 6 cities for the 2 additional teams in IPL 2022: Dharamshala, Ranchi, Guwahati, Lucknow, Cuttack, and Ahmedabad.
The BCCI added Pune Warriors India and Kochi Tuskers Kerala as part of the IPL expansion phase in 2010. Nonetheless, the 2 teams were banned for many reasons.
The Mumbai Indians are the most dominant team in the IPL, having won the league 5 times. Chennai Super Kings, led by MS Dhoni, are 2nd with 4 titles.