E-bidding for new IPL teams planned on October 17
PTI, Sep 14, 2021, 5:12 PM IST
Credit: iStock Photo
Mumbai: The BCCI is planning to have an e-bidding for the two new IPL teams on October 17 and the bids to buy the sides can be made till October 5.
“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 had on August 31 invited bids to own an IPL franchise with “Invitation to Tender” available for purchase till October 5.
“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.
“Any interested party wishing to submit a bid is required to purchase the ITT.
“However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid,” the cricket body had said.
Among the venues where the teams could be based include Ahmedabad, Lucknow and Pune.
The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with bigger capacities, could be the choice for the franchises.
Some of the business houses doing the rounds include the Adani group, RPG Sanjeev Goenka group, noted pharma company Torrent and a prominent banker who has shown active interest in buying teams.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
IPL 2024: I’ll sleep better, says Faf du Plessis
IPL 2024: Patidar, spinners help RCB snap six-match losing streak
Gukesh credits Vishwanathan Anand for his Chess journey
Indian prodigy D Gukesh returns triumphant to cheering crowds in Chennai
Credit to Stoinis as it didn’t seem like 210 track: KL Rahul
MUST WATCH
Latest Additions
Low voter turnout in Karnataka: Only 38.23% cast votes in 14 LS segments during first half of the day
Karnataka Polls: No Modi wave but anti-BJP wave, says CM Siddaramaiah
Cal HC directs NIA to file report on clashes in Murshidabad over Ram Navami celebrations
Bengaluru goes to poll amid heat wave-like situation
Karnataka officials don vibrant sarees to promote voter participation