The new teams are expected to be unveiled in Dubai on October 25.© Twitter
The BCCI on Wednesday extended the deadline for the purchase of the tender document for the new Indian Premier League (IPL) teams with another 10 days until October 20 and reliable sources said the two new franchisees would cost no less than 3,500 million rupees each. The Governing Body of the IPL has issued the ‘Invitation to Tender’ document (ITT) on the payment of the non-refundable tender fee of Rs 10 lakh on 31 August. It earlier extended the date to 10 October. “Following requests from various interested parties, BCCI has now decided to further extend the date for the purchase of the ITT document to 20 October 2021,” reads a statement from BCCI.
The BCCI plans to add two teams for the 2022 edition, and they are expected to be based in Ahmedabad, Lucknow or Pune.
It has been reported that major business houses such as Kotak Group, Aurobindo Pharma, Torrent Pharma, RP-Sanjiv Goenka Group, Birla Group and Adani Group are interested in joining the IPL wagon, which is now a matter of eight teams.
The BCCI hopes to earn a minimum of R7 000 million, although the base price for each team is R 2 000 million.
The Indian Cricket Board allows consortiums of three parties to submit the offers.
The new teams are expected to be unveiled in Dubai on October 25, a day later India’s clash with arch-enemies Pakistan in the T20 World Cup.
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