The Indian cricket board will be expecting the two new IPL franchises to go for ₹7000 crore to ₹10,000 crore each after the bidding process begins here today afternoon.
There are 22 companies that have picked up tender document worth ₹10 lakh but with base price for new teams pegged atRs 2000 crore, there is expected to be only five to six serious bidders in fray.
The BCCI is also allowing a consortium of up to three companies/individuals to bid for a franchise.
However, in case of an individual or company, that particular entity’s annual turnover should be minimum ₹3000 crore and in case of consortium, each of the three entities should have an annual turnover of ₹2500 crore.
Read Also: New IPL teams: From venues to bidding rights, all you need to know
“The stage is set! Bidding for the 2 new IPL teams to commence shortly!” tweeted the BCCI.
The Indian cricket board will be expecting the two new IPL franchises to go for ₹7000 crore to ₹10,000 crore each after the bidding process begins here today afternoon.
There are 22 companies which have picked up tender document worth ₹10 lakh but with base price for new teams pegged at INR 2000 crore, there is expected to be only five to six serious bidders in fray.
The BCCI is also allowing a consortium of up to three companies/individuals to bid for a franchise.
However, in case of an individual or company, that particular entity’s annual turnover should be minimum ₹3000 crore and in case of consortium, each of the three entities should have an annual turnover of ₹2500 crore.
“The stage is set! Bidding for the 2 new IPL teams to commence shortly!” tweeted the BCCI.
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