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Ahmedabad, Lucknow confirmed as new IPL Teams

The bidding took place at the Taj Hotel in Dubai on Monday and it is the RP-Sanjiv Goenka Group (RPSG) (Lucknow) and CVC Capital Partners (Ahmedabad) who will join the cash-rich league as the new owners.

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IPL new teams Bidding Live Updates: 2 new teams to be announced soon
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New Delhi: Ahmedabad and Lucknow are the two new members of the Indian Premier League (IPL) family as it will now be a ten-team affair from the next season.

The bidding took place at the Taj Hotel in Dubai on Monday and it is the RP-Sanjiv Goenka Group (RPSG) (Lucknow) and CVC Capital Partners (Ahmedabad) who will join the cash-rich league as the new owners. Speaking to ANI, a BCCI official confirmed this development.

The IPL’s first season was played in 2008, and ever since, the league has grown in stature and it is one of the most viewed competitions in the world.

UPDATES:

# CVC Capital has the second winning bid of Rs 5,200 crore.

# RPSG have placed the highest bid of Rs 7,000 crore

# 9 bids have been evaluated and approved so far including. Here is the list of the bidders Cargo Logistics, Adani Group, RP Sanjiv Goenka, Uday Kotak, Glazers, HT Media, Torrent Pharma.

# As per sources, BCCI is expected to earn Rs 5,000-7,000 crore from the sale of the 2 new teams.

# As per reports, Rhiti Sports’ bid for the new teams disqualified from the auction

# Which cities can get two new franchises: Potentially, Ahmedabad, Dharamsala, Lucknow, Indore, Cuttack, Guwahati and Lucknow – two of these could become the homes to the new two teams.

“The stage is set! Bidding for the 2 new IPL teams to commence shortly!” tweeted the BCCI.

Manchester United owners showing interest to be a part of the IPL may be one of the reasons why the Board of Control for Cricket in India (BCCI) on September 21 informed 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 10 from the initial deadline of October 5.

Earlier, speaking to ANI, sources in the know confirmed the interest shown by Manchester United owners.”Well yes, it is true that they have shown interest and that may be one of the reasons why the dateline was extended by the BCCI. IPL is not just restricted to India, it is a global entity now,” the source said.

The Governing Council of the IPL had issued the ‘Invitation to Tender’ (“ITT”) document available on payment of the non-refundable tender fees on August 31, 2021.

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