The BCCI will organize a mega auction in January 2022 ahead of next year’s Indian Premier League tournament.
The Board of Control for Cricket in India (BCCI) may organize the auction of two new teams of the Indian Premier League (IPL) on October 17. The auction can be held in Dubai or the city of Muscat.Also Read – ‘Different format-different captain policy will benefit India; Rohit Sharma can captain better
According to the news published in Cricbuzz, the BCCI has chosen three major dates – September 21, October 5 and October 17. A final decision on this can be taken by September 21. Also Read – I think we were very scared during the first leg of the season: KKR coach Brendon McCullum
The invitation document for the BCCI auction will be available for purchase by October 5 and the auction is likely to take place on October 17. It has been confirmed that there is no e-auction. Also Read – BCCI Secretary Confirms – Team India will play 2 extra T20 matches in England next year
Some large companies, including some agencies, are believed to have purchased the auction invitation documents. One of which is Sanjeev Goenka of RPSG Group, who earlier owned the Pune franchise. Goenka can buy the team from Lucknow.
The number of league matches for each team should be 18, of which nine matches will be played at home ground and nine at outside ground. Currently, the league consists of eight teams and all play seven home and seven outdoor matches. After which the total number of matches of the tournament can be 74 or 94.
Regarding the financial requirements, BCCI has clarified that the total assets of each bidder should be Rs 2500 crore and the turnover of the company should be Rs 3000 crore. In case of a consortium, BCCI will allow only three partners and one of them will have to meet the above criteria of having a net worth of Rs 2500 crore and a turnover of Rs 3000 crore. As mentioned, the base price is Rs 2000 crores.
The BCCI is currently silent on the possibility of the existing teams retaining players. It is understood that the board may allow two retention and two Right to Match (RTM) cards, with Indian and foreign players allowed to be retained. The retention details will be finalized by November, while the mega auction is likely to take place in January 2022.