BCCI extends deadline for purchasing tender document for new IPL teams; board to earns at least Rs 7000 crore

The
Governing
Council
of
the
IPL
had
issued
the
“Invitation
to
Tender”
(ITT)
document
on
payment
of
the
non-refundable
tender
fee
of
Rs
10
lakh
on
August
31.
It
had
earlier
extended
the
date
till
October
10.

“Pursuant
to
requests
from
various
interested
parties,
BCCI
has
now
decided
to
further
extend
the
date
for
purchasing
the
ITT
document
till
October
20,
2021,”
a
BCCI
release
said.

The
BCCI
plans
to
add
two
teams
for
the
2022
edition
and
it
is
expected
that
they
could
be
based
in
Ahmedabad,
Lucknow
or
Pune.

It
has
been
learnt
that
major
business
houses
such
as
Kotak
Group,
Aurobindo
Pharma,
Torrent
Pharma,
RP-Sanjiv
Goenka
Group,
Birla
Group
and
Adani
Group
are
interested
in
joining
the
IPL
bandwagon,
which
is
an
eight-team
affair
as
of
now.

The
BCCI
is
hoping
to
earn
a
minimum
of
Rs
7000
crore
through
the
auction
of
two
new
franchises.
The
base
price
for
each
team
has
been
set
at
Rs
2000
crore.

The
Indian
cricket
board
is
allowing
three-party
consortiums
to
present
the
bids.

The
new
teams
are
expected
to
be
unveiled
on
October
25
in
Dubai,
a
day
after
India’s
clash
against
arch-rivals
Pakistan
in
the
T20
World
Cup.