It hasn’t even been a month since the IPL 2021 ended. The work on the next issue has already begun. From discussions to the creation of new rules, the IPL‘s next season is shaping up to be spectacular. The competition will reach new heights with the addition of two new teams in name of Lucknow and Ahmedabad in the IPL. As a result, the mega auction will be a crucial initial stage in the competition.
The BCCI assessed the rights of the new teams in the Indian Premier League on Monday. Since the Board of Control for Cricket in India announced the names of the new franchises. Now, Lucknow and Ahmedabad are officially part of the IPL. In the meantime, bidders are looking for the best chance to get their preferred players into the club. And the team’s stakes will be dispersed as investors compete for their best interests.
Hemang Amin, the BCCI’s interim chief executive reviewed the technical formalities. Meanwhile, the bids opened in the presence of the IPL governing council members, chaired by Brijesh Patel, and the BCCI office-bearers.
For Ahmedabad and Lucknow, the Adani group has filed similar bids totaling Rs 5,100 crore. CVC Capital made bids of Rs 5,625 crore for Ahemdabad and Rs 5,166 crore for Lucknow, respectively. RPSG Group are the highest bidder for the IPL 2022. Thus they are given the option of choosing their prefered base.
The BCCI has announced that the IPL would become a 10-team affair in 2022 with a total of 74 matches to be played.
Sourav Ganguly, the president of the BCCI, told reporters that the additional earnings had not shocked him. The rough estimation of the revenue is about ten thousand crores.The revenue is to improve the standards’ of cricket across the country.
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