IPL will become a 10-team affair from the next edition in 2022.
The Board of Control for Cricket in India (BCCI) is all set to get richer by at least INR 5,000 crore with the addition of two new franchises from the next edition of the Indian Premier League (IPL 2022).
The IPL is currently an eight-team tournament and the cash-rich event will become a 10-team affair from the year 2022. It is being said that the modalities of the bidding process for the next edition of the T20 league were planned during a recent governing council meeting.
With plenty of large business companies showing active interest in bidding, the BCCI expects to gain at least Rs 5,000 crore if the bids go as per plan for the IPL 2022. The reports also suggested that the only companies with an annual turnover of Rs 3,000 crore will be allowed to bid for the teams in the IPL.
A senior BCCI source told PTI on the condition of anonymity: “Any company can buy the bid document paying Rs 75 crore. Earlier top brass was thinking about keeping the base price for two new teams at Rs 1700 crore but later it was decided to keep the base price at Rs 2000 crore.”
He added, “The BCCI is expecting anything in the range of 5000 crores if not more. There will be 74 IPL games next season and it's a win-win situation for everyone.”
Meanwhile, the BCCI is planning to allow a consortium to bid for teams as it makes the bidding process more vibrant with the teams that could be based from the venues including Ahmedabad, Lucknow, and Pune.
The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with bigger capacities, could be the choice for franchises.
The source concluded, “I think more than three business entities won't be allowed to form a consortium but if three business come together and wants to jointly bid for a team, they are welcome to do so.”
Noteworthy, the Adani group, RPG Sanjeev Goenka group, Pharma company Torrent, and a prominent banker are among the names doing the rounds, who are interested in buying teams in the IPL.
(With PTI Inputs)