BCCI extends deadline for purchasing tender document for new IPL teams | Cricket News


NEW DELHI: The BCCI on Wednesday the deadline for the purchase of the specifications for the new Indian Premier League (IPL) for another 10 days until October 20 and reliable sources said the two new franchisees would cost no less than Rs 3.5 billion each.
The Governing Council of the IPL had issued the ‘The invitation to tender‘(ITT) document regarding the payment of the non-refundable bidding fee of Rs 10 lakh on August 31st. He had previously extended the date to October 10.
“In accordance with requests from various stakeholders, the BCCI has now decided to further extend the date to purchase the ITT document to October 20, 2021,” according to a BCCI statement.
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 known that major trading houses such as Kotak Group, Aurobindo Pharma, Torrent Pharma, RP-Sanjiv Goenka Group, Birla Group and Adani Group are interested in joining the IPL bandwagon, which is a matter of eight teams as of now.
The BCCI expects to earn a minimum of Rs 7000 crore, although the base price for each team has been set at Rs 2000 crore.
The Indian Cricket The board allows tripartite consortia to submit bids.
The new teams are expected to unveil on October 25 in Dubai, one day after India’s clash with archrival Pakistan in the T20 World Cup.

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