IPL 2022 team auction: 10 people submit papers to buy new team, who is ahead? Latest sports news
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The bidding process for two new franchises of the all-important Indian Premier League (IPL) officially began in Dubai on Monday. BCCI started
#Kolkata: The bidding process for two new franchises of the all-important Indian Premier League (IPL) officially began in Dubai on Monday. BCCI started Ten parties expressed their interest to buy new teams in IPL and submitted bids (IPL Team Auction 2022). For 6 city based teams Ahmedabad, Lucknow, Cuttack, Dharamshala, Guwahati, Indore.
IPL (IPL) high profile bidders (IPL Team Auction 2022) have submitted their bidding to try their luck. The list includes Adani Group from Premier League club Manchester United Torrent Pharmaceuticals, Hindustan Media Ventures Pvt Ltd, RP Sanjeev Goenka Group, Kapri Global and Singapore-based Irelia Company Pte Ltd. Riti Sports, once associated with Mahendra Singh Dhoni, has also bid for two new IPL teams.
According to Cricbuzz sources, each bidder submitted two envelopes One has to submit all their personal and financial information The Board of Cricket in India (BCCI) said legal and audit matters are being taken into consideration The second envelope contains the subject of the bid Later it is being opened
BCCI has extended the timeline for calling tenders twice The deadline was last extended till October 20 This was done so that only Manchester United could submit a bid
According to reports, the BCCI is expecting Rs 7,000 crore to Rs 10,000 crore from the two new IPL franchises. 22 companies have raised tender papers with 10 lakh rupees but only 10 parties have submitted bids
Minimum Rs.2000 Crores for New Teams
