The Indian cricket board might quickly get richer by no less than ₹5000 crore with the addition of two new franchises through the 2022 version of the Indian Premier League.
The IPL, which is at present an eight-team match, will develop into a 10-team affair from the following version and through a latest governing council assembly, the modalities of the bidding course of have been chalked out.
“Any firm should purchase the bid doc paying ₹75 crore. Earlier prime brass was enthusiastic about protecting the bottom value for 2 new groups at ₹1700 crore however later it was determined to maintain the bottom value at ₹2000 crore,” a senior BCCI supply instructed PTI on the situation of anonymity.
The supply, who has handled the monetary aspect of IPL prior to now, stated that the BCCI stands to achieve no less than ₹5000 crore if the bids go as per plan with loads of massive enterprise conglomerates exhibiting energetic curiosity in bidding.
“The BCCI is anticipating something within the vary of 5000 crore if no more. There will probably be 74 IPL video games subsequent season and it is a win-win scenario for everybody.”
It’s learnt that solely firms with an annual turnover of ₹3000 crore will probably be allowed to bid for the groups.
In a welcome information, the BCCI is planning to permit a consortium to bid for groups because it makes the bidding course of extra vibrant.
“I feel greater than three enterprise entities will not be allowed to kind a consortium but when three enterprise come collectively and desires to collectively bid for a staff, they’re welcome to take action,” he stated.
Among the many venues the place the groups may very well be based mostly embrace Amedabad, Lucknow and Pune.
The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with larger capacities, may very well be the selection for franchises.
A number of the names which can be doing the rounds embrace the Adani group, RPG Sanjeev Goenka group, famous pharma firm Torrent and a outstanding banker who has proven energetic curiosity in shopping for groups.
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