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IPL New Franchise: The Board of Control for Cricket in India (BCCI) is going to include two more franchises in the next edition of the Indian Premier League (IPL) to be held in 2022. The BCCI has fixed the base price of these teams at Rs 2000 crore for this. According to the information, the board is expecting this amount to increase to Rs 5000 crore during the auction of the new franchise. Adani Group, RPG Sanjeev Goenka Group and famous pharma company Torrent are leading the way regarding the new franchise.
Eight teams currently participate in the IPL. However, from the next edition, 10 teams can be seen playing in it. In the recent meeting of the Board’s Governing Council, all the rules regarding the bidding process of the two new franchises have been decided. According to BCCI sources, “Any company can buy the bidding document by depositing Rs 75 crore. Earlier the board was thinking of keeping the base price for the new franchise at Rs 1700 crore, but later it was decided to keep it at Rs 2000 crore.” “
BCCI hopes to raise Rs 5000 crore from auction
According to sources, “BCCI has been hoping to raise Rs 5000 crore from the bidding process for these two new franchises. Next year, 74 matches will be played in the tournament and it is going to be beneficial for all.” According to the information, only those companies will be able to bid for these new franchises whose annual turnover is more than Rs 3000 crore.
This is the venue
Talking about the venues for these new franchises, Ahmedabad, Lucknow and Pune are at the forefront of this race. The Narendra Modi Stadium in Ahmedabad and the Ekana Stadium in Lucknow can become the choice of these new franchises due to their capacity to accommodate the audience.
Let us tell you that before this 10 teams had played in the fourth season of IPL. Kochi Tuskers and Pune Warriors India were involved in the tournament at that time.
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