Sports

The auction for the new IPL teams will be held on October 17. Know where this process will take place

IPL New Team Auction: Two new teams will be seen playing in the next season of IPL. The auction process for this is likely to be held on October 17. At present, the Board of Control for Cricket in India (BCCI) has not officially announced the date and place of the auction. But it can be announced soon. The second phase of the IPL will start in the UAE from September 19. Auction can be organized only after two days of its completion.

According to sources, the board is planning to bid on October 17 and it will be an e-bidding. Any clarification regarding the auction can be taken till September 21. The BCCI had floated the tender on August 31 for bidding for the IPL franchise. Tenders can be submitted till October 5. This auction can take place only two days after the end of the second phase of IPL in UAE, so this event can be held in Dubai or Muscat. In view of the Corona epidemic in the country, there were doubts about the type of auction. Now it is almost clear that there will be an e-auction.

There are two stages to team bidding – legal and financial. The financial bid will be opened after the legal department has approved the eligibility criteria of the bidder. These norms were announced by the Indian board a few weeks back. Each bidder should have a minimum value of 2500 crores and a turnover of 3000 crores. The base price of the teams has been kept at 2000 crores. BCCI has shortlisted 6 cities for two teams. These include Ahmedabad, Cuttack, Guwahati, Dharamsala, Indore and Lucknow.

The base locations for the new teams include Ahmedabad, Lucknow and Pune. Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow can be the choice of the franchise as these stadiums have more capacity. After the addition of two teams, the number of matches for each team can be increased. However, there is no official confirmation of this yet. So far in the IPL, each team plays a total of 14 home matches in the group stage and seven matches at other venues.

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Shivam Bangwal

Shivam Bangwal is a young entrepreneur who hails from Uttarakhand. Shivam is a professional full time Digital Marketing and PR expert with a post graduation degree of Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Branding Panther and Digital Leader.

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