The Indian Premier League (IPL) is one of the most prominent professional leagues around the world, and it has attracted the Glazer family, who own Manchester United football club. Manchester United Owns New IPL Team The US-based Glazers, are apparently interested in owning one of IPL‘s 2 additional franchises.
Manchester United Owns New IPL Team
Two new clubs will join the prestigious league following the auction, which will take part in Dubai on 25 October, a day after the highly-anticipated India-Pakistan match. As per the reports, the Glazer group has accepted the Board of Control for Cricket in India’s (BCCI’s) Invitation to Tender (ITT) documents.
Therefore, they will be required to set up new operations in India in accordance with the tender’s regulations, which enable foreign companies to own an IPL franchise, if they submit a valid offer.
If Disney has bought the tender, It doesn’t mean Disney is interested in owning a franchise: Reports
“A lot of people usually pick these tender documents to study and gather the information that tends to be otherwise very useful from a larger industry perspective. For instance, buying a bid document will tell me more about what the BCCI is planning next, in terms of the league expansion, etc. For instance, if Disney has bought the tender document to buy the franchise, it doesn’t mean Disney is interested in owning a franchise. It will study the document because it has to plan its own media rights landscape,” said the reports.
According to the source, one of the factors for the BCCI’s five-day extension of the bidding deadline was the curiosity of Manchester United’s owners.