As per reports, the Board of Control for Cricket in India (BCCI) is planning to bid for the two teams of the Indian Premier League (IPL) on October 17, two days after the completion of the second leg of IPL 2021, which is set to start in the UAE on September 19.
There is a likelihood that the board has not officially mediated about the final details including the date and the venue for the bidding to the potential bidders.
“The Board is planning to have the bidding on 17th October and it will be an e-bidding,” sources in the know of things told PTI on Tuesday.
The BCCI invited bids for the new IPL franchises on August 31, stating that the “Invitation to Tender” available for purchase till October 5. Furthermore, they stated that clarifications can be sought up to September 21.
“The Governing Council of the IPL invites bids to acquire the right to own and operate 1 (one) of the 2 (two) new teams proposed to be introduced to take part in the Indian Premier League from the IPL 2022 season, through a tender process,” the BCCI had said in a statement released last month (August 31).
According to a report by Cricbuzz, the cricket governing body has informed the parties of three key dates – September 21, October 5, and October 17. It has been confirmed that there will be no e-auction and the conventional practice of the closed bidding process will be followed.
Reportedly, the BCCI has set the base price for the teams to be Rs 2000 crore. The board has stated that each bidder should have a net worth of Rs 2500 crores and the company has to have a turnover of Rs 3000 crores. In the case of a consortium, the BCCI will allow only three partners and one of them has to fulfil the above criteria of Rs 2500 crore net worth and Rs 3000 crore turnover. The bidding will be staged in two stages- legal and financial.
With two additional teams contesting in the tournament, the number of matches for each team in the tournament is likely to be either 14 or 18, which includes a minimum of seven home games and the rest away, similar to the current format. In the new IPL format, the total number of league matches is likely to be either 74 or 94, depending upon the window available.
The home cities chosen as options for the two new franchises include Ahmedabad, Lucknow, Indore, Cuttack, Guwahati, and Dharamsala.
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