The Board of Control for Cricket in India (BCCI) and the Governing Council of the Indian Premier League (IPL) on Tuesday, the release of tender to own and operate the IPL team and invited bids to acquire the rights to own one of the two new teams which will be part of the IPL 2022 season.
The IPL 2022 will be the 15th season of the most popular T20 league in the world, the Indian Premier League, and will expand to 10 teams. Though previously, the IPL had 10 teams in the league, it happened for one season only, but this time the expansion is expected to be for a longer duration.
The ITT Will Be Available For Purchase Till October 5, 2021: BCCI
The ITT will be available for purchase till October 5. Interested parties have been requested to send an email at [email protected] to get further details for purchasing it. The email requesting the ITT should have the subject line “ITT for the Right to Own and Operate One of Two Proposed New IPL Teams”.
“The detailed terms and conditions governing the submission and evaluation of bids including eligibility requirements, process for submissions of bids, proposed new teams’ rights, and obligations, etc. are contained in the ‘Invitation to Tender’ (ITT) which will be made available on receipt of payment of non-refundable fee of Rs 10,00,000 (Rupees Ten Lakhs Only) plus any applicable Goods and Services Tax,” said the BCCI in an official release.
It is clarified that merely purchasing this ITT does not entitle any person to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid. The BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason.
It was earlier reported that the two new teams will have a base price of a whopping INR 2000 crore. The BCCI will also be expecting a windfall of Rs 5,000 from the bids.
Among the possible venues, Ahmedabad, Lucknow, and Pune have emerged as the frontrunners. The reason is that all of the mentioned cities have big stadiums like the Narendra Modi Stadium in Ahmedabad, Ekana Stadium in Lucknow, and the MCA Stadium in Pune.