Friday, Sep 17, 2021
Outlook.com
Outlook.com

Indian Premier League: E-bidding For New IPL Teams Planned On October 17

The BCCI had on August 31 invited bids to own an IPL franchise with "Invitation to Tender" available for purchase till October 5.

Indian Premier League: E-bidding For New IPL Teams Planned On October 17
Representative Image: IPL Trophy. Among the venues where the teams could be based include Ahmedabad, Lucknow and Pune. | File Photo
Indian Premier League: E-bidding For New IPL Teams Planned On October 17
outlookindia.com
2021-09-14T17:09:35+05:30

The BCCI is planning to have an e-bidding for the two new IPL teams on October 17 and the bids to buy the sides can be made till October 5. (More Cricket News)

"The Board is planning to have the bidding on 17th October and it will be an e-bidding," sources in the know of things told PTI on Tuesday.

The BCCI had on August 31 invited bids to own an IPL franchise with "Invitation to Tender" available for purchase till October 5.

"The Governing Council of the IPL invites bids to acquire the right to own and operate 1 (one) of the 2 (two) new teams proposed to be introduced to take part in the Indian Premier League from the IPL 2022 season, through a tender process," the BCCI had said in a statement.

"Any interested party wishing to submit a bid is required to purchase the ITT.

"However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid," the cricket body had said.

Among the venues where the teams could be based include Ahmedabad, Lucknow and Pune.


The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with bigger capacities, could be the choice for the franchises.

Some of the business houses doing the rounds include the Adani group, RPG Sanjeev Goenka group, noted pharma company Torrent and a prominent banker who has shown active interest in buying teams.

Advertisement

Outlook Newsletters

Advertisement

Read More from Outlook

PM Modi Turns 71, President, Ministers And Party Workers Extend Wishes

PM Modi Turns 71, President, Ministers And Party Workers Extend Wishes

Prime Minister Narendra Modi turned 71 on Friday. Congress leader Rahul Gandhi and others extended wishes while Health Minister called for vaccinations as "birthday gift".

India's Jaishankar Attends SCO, Discussions Revolved Around Taliban

India's Jaishankar Attends SCO, Discussions Revolved Around Taliban

External Affairs Minister S. Jaishankar attended the Shanghai Cooperation Organisation in person and also met with his counterparts to discuss bilateral developments. Prime Minister Modi to virtually participate today.

Sunil Mittal Aspires To Keep The Telecom Industry Together; Spoke To Vodafone-Idea Chief About Telecom Reforms

Sunil Mittal Aspires To Keep The Telecom Industry Together; Spoke To Vodafone-Idea Chief About Telecom Reforms

He urged the industry to work together in areas such as infrastructure but said he was strictly opposed to any cartelisation.

Rajasthan: Tourism Industry Hails Bill Making Misbehaviour With Tourists Non-Bailable Offence

Rajasthan: Tourism Industry Hails Bill Making Misbehaviour With Tourists Non-Bailable Offence

Tourism Department has taken action against 208 touts in 2018, 462 in 2019, 194 in 2020 and 102 in 2021. But since the crime wasn't cognisable, a complaint is filed in court and the accused is let off after paying a fine.

Advertisement