The BCCI is planning to have an e-bidding for the 2 new IPL teams on October 17 and the bids to purchase the perimeters might be made until October 5.
“The Board is planning to have the bidding on 17th October and it will be an e-bidding,” sources within the know of issues stated on Tuesday.
The BCCI had on August 31 invited bids to personal an IPL franchise with “Invitation to Tender” accessible for buy until 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 stated in an announcement.
“Any interested party wishing to submit a bid is required to purchase the ITT.
“However, solely these satisfying the eligibility standards set out within the ITT and topic to the opposite phrases and circumstances set out therein, shall be eligible to bid. It is clarified that merely buying this ITT doesn’t entitle any individual to bid,” the cricket physique had stated.
Among the venues the place the teams might be primarily based embody Ahmedabad, Lucknow and Pune.
The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with greater capacities, might be the selection for the franchises.
Some of the enterprise homes doing the rounds embody the Adani group, RPG Sanjeev Goenka group, famous pharma firm Torrent and a outstanding banker who has proven lively curiosity in shopping for teams.