BCCI invitations bids for 2 new franchises; six cities within the fray
It is now official. The IPL shall be a 10-team event from the 2022 season, with the BCCI inviting bids for the 2 new franchises on Tuesday. bidders might want to purchase the tender doc by October 5, after which the IPL will perform a technical analysis earlier than promoting the 2 franchises.
ESPNcricinfo understands that the minimal bid worth for every of the brand new franchises shall be INR 2000 crore (USD 270 million approx) and that there are six cities within the fray together with Ahmedabad, Lucknow, Guwahati and Cuttack. It’s realized that profitable bidders will personal the brand new franchises for perpetuity.
Whereas it introduced the launch of the bidding course of on Tuesday, the BCCI didn’t reveal particulars reminiscent of whether or not bids could be made by way of sealed envelope or an e-auction, and by when it might unveil the 2 new franchises.
The BCCI identified that any bidder is allowed to select a couple of bid doc, which prices INR 10 lakhs, however could be allowed to personal just one franchise.
Whereas the choice so as to add two new franchises was finalised by the IPL Governing Council on Monday, the BCCI has been considering the transfer for the final two years. At its annual common assembly in December 2020, the BCCI bought the approval to take action from its members – the state associations.
How will having 10 groups have an effect on the IPL on the sphere?
The 2022 version won’t be the primary time the IPL will comprise 10 groups – that already occurred a decade in the past after the Pune Warriors and the Kochi Tuskers have been added to the unique roster of eight franchises in 2011. It has been confirmed that the event format will observe the 2011 mannequin, which scrapped the easy home-and-away format, and included a complete of 74 matches.
Within the 2011 version, the 10 groups have been cut up into two unfastened teams, and the event comprised 70 league matches and 4 playoff video games, with all of the groups ranked in a single composite league desk. Throughout the league part, each crew performed the identical variety of league matches, which was 14.
Every crew performed the opposite 4 of their group each dwelling and away (eight matches), 4 of the groups within the different group as soon as every (4 matches, both dwelling or away), and the remaining crew within the different group twice, each dwelling and away. A random draw determined the composition of the teams in addition to who performed whom throughout the teams as soon as and twice.
The final time greater than eight groups performed within the IPL was in 2013, when 9 groups took half and performed a complete of 76 matches.
The final time the BCCI carried out bidding for brand new franchises was in 2015 when the Rising Pune Supergiants and the Gujarat Lions changed the Chennai Tremendous Kings and the Rajasthan Royals, who have been each suspended for 2 years from the IPL.
The Sanjeev Goenka-owned New Rising consortium picked Pune as the bottom for the Supergiants whereas the Delhi-based cell phone producer Intex selected Rajkot because the Lions’ dwelling venue. New Rising and Intex had bid INR -16 and -10 crore respectively as per the reverse-bidding plan the BCCI devised to get two new franchises quickly for 2 seasons. Beneath the reverse bidding, bidders have been inspired to pit a sum decrease than the bottom worth of INR 40 crore set by the BCCI. This meant the BCCI would pay a most of INR 40 crore from its central income pool to the brand new proprietor. The investor who bid the bottom worth would ultimately bag the possession rights.
Nagraj Gollapudi is information editor at ESPNcricinfo