BCCI expects to get 7-10 thousand crore rupees from new IPL teams, know who are the contenders

IPL Teams: BCCI is expected to get Rs 7000 crore to Rs 10,000 crore from each franchise after the auction process of two new IPL teams starts from Monday. However, it is not yet clear whether the BCCI will announce the successful bidders on Monday itself after conducting a technical evaluation of the auction bids.

There are 22 companies that have taken tender documents worth Rs 10 lakh. The base price for the new teams has been kept at Rs 2000 crore. In such a situation, only five to six serious bidders are expected. The BCCI is also allowing a consortium (group) of three companies/individuals to bid for the franchise.

what is the rule
In case of any individual or company bidding in this auction, the annual turnover of that particular entity should be minimum Rs 3,000 crore and in case of consortium, the annual turnover of each of the three entities should be Rs 2,500 crore. In such a situation, Gautam Adani, one of India’s richest people, and his Adani Group are expected to bid for the Ahmedabad franchise. If the Adani Group bids, then it will be more likely to become the owner of the new franchise. Similarly, billionaire Sanjeev Goenka’s RPSG group is also being considered as a serious bidder for a new franchise. However, it is not yet clear whether RPSG will bid as part of the consortium or will participate individually.

A BCCI source familiar with the matter told PTI on condition of anonymity, “Gautam Adani and Sanjeev Goenka are the biggest names in the Indian industry. They will be serious bidders. A minimum bid of Rs 3,500 crore is expected from potential bidders. Don’t forget that IPL broadcast rights are estimated to fetch around $5 billion (Rs 36,000 crore).

Ahmedabad and Lucknow claim strong
Goenka has been the owner of Pune franchise Rising Pune Supergiants (RPS) for two years and is also the owner of ISL (Indian Super League) franchise ATK Mohun Bagan. There is talk that the Lancer Group, owned by Manchester United owner Avram Glazer, has also taken the bid document. The race includes Kotak Group, pharmaceutical major Aurobindo Pharma and Torrent Group.

As far as cities are concerned, the claim of Ahmedabad and Lucknow looks strong. The Narendra Modi Stadium in Motera near Ahmedabad has a capacity of over 100,000 while the Ekana Stadium in Lucknow has a capacity of around 70,000. However, cities with better cricket stadiums like Indore, Guwahati, Cuttack, Dharamsala and Pune are also included in this race. In this bid, a former Indian cricketer may join the consortium, which is expected to seriously bid for the new franchise.

There is no clarity on whether Bollywood pair Deepika Padukone and Ranbir Kapoor will be part of the consortium but they could be a minority stakeholder or brand ambassador of a new franchise.

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