The Board of Control for Cricket in India is expected complete the process to allocate two more Indian Premier League franchisees on October 17, two days after the IPL final and on the day of the beginning of the ICC T20 World Cup.
The interested parties can submit their bids by October 5 to acquire the IPL franchisees. The bidding process had begun on August 31 after the BCCI had invitation to tender for two new IPL teams.
The IPL from the 2022 season will become a 10-team affair.
The BCCI is reportedly planning to have an e-bidding for the two new IPL teams on October 17 and the bids to buy the sides can be made till October 5.
“The Board is planning to have the bidding on 17th October and it will be an e-bidding,” sources in the know of things said on Tuesday. The BCCI had on August 31 invited bids to own an IPL franchise with “Invitation to Tender” available for purchase till 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 said in a statement.
“Any interested party wishing to submit a bid is required to purchase the ITT.
“However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid,” the cricket body had said.
Among the venues where the teams could be based include Ahmedabad, Lucknow and Pune.
The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with bigger capacities, could be the choice for the franchises.
Some of the business houses doing the rounds include the Adani group, RPG Sanjeev Goenka group, noted pharma company Torrent and a prominent banker who has shown active interest in buying teams.
Meanwhile, the second leg of the IPL 2021 will begin from September 19, Sunday. The matches will be played in Sharjah, Dubai and Abu Dhabi.