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Rhiti Sports starts race for new IPL team, ten bidders left: sources

The Indian Premier League will become a 10-team event from the 2022 season© BCCI / IPL

The bid for the two new Indian Premier League (IPL) teams opened in Dubai earlier on Monday and sources close to the bid informed NDTV that Rhiti Sports, a sports marketing and management company representing the former captain of India, MS Dhoni , also took part in the race to grab the rights to one of the two new franchises.

NDTV has further learned that 10 of the 22 bidders are now in the race to buy the two new IPL teams, which will join the league from the upcoming 2022 season, which will turn the IPL into a 10-team event.

The BCCI had earlier extended the deadline for stakeholders to pick up the bid papers until October 20th.

“At the request of various interested parties, BCCI has now decided to extend the date for the purchase of the ITT document further to 20 October 2021,” a BCCI exemption said.

The BCCI expects something between Rs. According to a report by the news agency PTI, 7000 to 10 crore of the team hosting IPL.

The bidding papers, in the form of the ‘Invitation to Tender’ document, can be purchased by an interested party at a cost of Rs. 10 lakh.

The BCCI has previously shortlisted six cities – Ahmedabad, Lucknow, Cuttack, Guwahati, Ranchi and Dharamshala – as the basis for the two new teams.

Expanding the IPL is not a new experiment. Pune Warriors India and Kochi Tuskers Kerala joined the league in 2010 before both franchises ended.

During the suspension of Chennai Super Kings and Rajasthan Royals from the league, Rising Pune Supergiant and Gujarat Lions joined the league as temporary participants.


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