In a major development, the Board of Control for Cricket in India (BCCI) has allowed the two new IPL franchises to pick some big names in their team outside the auction event ahead of the mega auction of IPL 2021. The new franchises will be given the freedom to pick the players to ensure a level playing field for the newcomers. It’s because of the fact that the existing IPL franchises would also be allowed to retain three or four players ahead of the auction.
For those of you who don’t know that, the Indian Premier League will have 10 teams from next season. A mega event will be held next year which would see all the franchises going under revamps. Given that each franchise would be allowed to retain three or four players maximum, the auction would see the franchises undergoing complete revamps.
Meanwhile, the BCCI has postponed the save of invitation to Tender (ITT) by another 10 days. As a result, the deadline has now been shifted from 10th October to 20th October. The decision has reportedly been taken on request by new parties.
“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,” the BCCI said in a statement on October 13. The BCCI has, however, confirmed that the postponement will not delay the sale of the teams which will be done on October 25.
As per the reports, the company bidding for the new teams must have a turnover of around INR 3000 Crore. The bidding of both the sides will start at 2000 Crores. There’s no doubt that BCCI is likely to earn a lot of profit out of the deals.
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