New IPL teams: BCCI expecting anything between Rs7k crore-10k crore with Adani, Goenka, Aurobindo in fray

It
is
still
not
clear
whether
the
BCCI
will
announce
the
successful
bidders
on
Monday
(October
25)
itself
after
doing
the
technical
evaluation
of
the
bids.

There
are
22
companies
which
have
picked
up
tender
document
worth
Rs
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
INR
3000
crore
and
in
case
of
consortium,
each
of
the
three
entities
should
have
an
annual
turnover
of
INR
2500
crore.

IPL
2022:
BCCI
set
to
reveal
two
new
teams
on
October
25;
Know
details
of
22
bidders

In
this
scenario,
one
of
India’s
richest
business
tycoon
Gautam
Adani
and
his
Adani
Group
are
expected
to
bid
for
the
Ahmedabad
franchise.
Adani
Group,
if
they
finally
put
up
a
bid,
are
the
favourites
to
own
a
new
franchise.

Similarly,
RPSG
group
which
is
headlined
by
billionaire
Sanjiv
Goenka
are
also
considered
to
be
serious
bidders
for
a
new
franchise.
Whether
RPSG
would
have
any
individual
or
other
company
as
a
part
of
consortium
is
still
not
known.

“Gautam
Adani
and
Sanjiv
Goenka
are
the
biggest
names
in
the
Indian
industry.
They
will
be
serious
bidders.
Expect
a
minimum
bid
of
INR
3500
crore
from
the
potential
bidders.
Don’t
forget
that
IPL
broadcast
rights
is
projected
around
USD
5
billion
(Rs
36,000
Crore).

“So
the
economics
will
work
accordingly
as
franchises
get
the
TV
revenue
share
equally,”
a
BCCI
insider
tracking
the
developments
told
PTI
on
conditions
of
anonymity.

For
the
record,
Goenka
owned
the
Pune
Franchise
Rising
Pune
Supergiants
(RPS)
for
two
years
and
is
also
the
owner
of
ISL
franchise
ATK
Mohun
Bagan.

There
has
been
buzz
that
Lancer
group,
which
is
owned
by
Manchester
United
owner
Avram
Glazer,
has
also
picked
up
the
bid
document.

BCCI
could
earn
up
to
USD
5
billion
from
IPL
broadcasting
rights
only

The
other
notable
companies
which
are
in
fray
comprise
Kotak
group,
pharmaceutical
majors
Aurobindo
Pharma
and
Torrent
group.

The
two
cities
that
are
favourites
in
terms
of
stadium
capacity
are
Narendra
Modi
Stadium
in
Motera
with
more
than
100,000
capacity
while
the
other
is
Ekana
Stadium
in
Lucknow
with
70,000
capacity.

The
other
cities
in
the
hunt
are
Indore,
Guwahati,
Cuttack,
Dharamsala
and
Pune.

Former
India
cricketer
may
join
one
of
the
consortium

A
former
India
opener
may
join
one
of
the
consortiums
which
is
expected
to
be
serious
bidders
for
the
new
franchises.

“Yes,
a
former
India
opener
is
ready
to
shell
out
around
INR
300
crore
and
buy
a
minority
stake
if
the
consortium
he
is
part
of
is
able
to
successfully
bid
for
a
new
team.
He
comes
from
a
business
family
and
he
does
want
to
invest
in
a
cricket
team.

“He
is
a
distinguished
player
in
his
own
right
and
also
understands
how
the
franchisee
universe
works,”
the
BCCI
source
said.

IPL
2022
Auction:
BCCI
likely
to
allow
teams
to
retain
a
maximum
of
four
players,
claims
report

Key
FAQ

Q:
How
many
teams
are
up
for
bidding?

A:
BCCI
will
have
two
new
teams
as
IPL
will
be
10-team
league
from
2022.

Q:
What
is
the
bid
price
of
tender
document?

A:
The
bid
price
of
tender
document
is
Rs
10
crore.

Q:
Which
are
the
cities
in
fray?

A:
Ahmedabad,
Lucknow
(two
favourites),
Indore,
Guwahati,
Pune,
Dharamsala,
Cuttack.

Q:
What
is
the
Base
Price
set
by
BCCI?

A:
The
base
price
per
team
Is
Rs
2000
Cr.
This
means
no
potential
buyer
can
bid
less
than
that.
That’s
the
minimum
amount
from
where
bidding
starts.

Q:
Which
kind
of
companies
can
bid
for
a
franchise?

A:
Any
company
(even
overseas)
which
has
its
operations
in
India
and
is
enlisted
can
bid
for
a
team.
However,
the
annual
turnover
has
to
be
minimum
Rs
3000
Crore.

Q:
Is
Consortium
(a
joint
bid
from
multiple
companies)
allowed?

A:
Yes,
consortium
of
3
companies/entities
is
allowed.
However
each
will
have
to
have
a
net
worth
of
Rs
2500
crore
annually.

Q:
How
many
companies
have
picked
up
the
bids?

A:
22
companies
have
picked
bids.

Q:
Major
names
who
have
picked
up
the
bid
document?

A:
Adani
Group,
RP
Sanjiv
Goenka,
Kotak,
Torrent
Pharma,
Aurobindo
Pharma,
Lancer
Capital
(Avram
Glazer
owner
of
Man
United),
Naveen
Jindal.

Q:
Will
Bollywood
couple
Deepika
Padukone
and
Ranveer
Singh
join
a
consortium?

A:
There
is
no
such
confirmation
as
of
now
but
they
could
be
a
minority
stake
holder
or
brand
ambassadors
of
a
new
franchise.