Sunday, December 5, 2021
Home IPL Adani, Man Utd lose IPL team bids; Sanjiv Goenka-owned RPSG Group bags...

Adani, Man Utd lose IPL team bids; Sanjiv Goenka-owned RPSG Group bags Lucknow while CVC Capital gets Ahmedabad

The Board of Control for Cricket in India (BCCI) has just announced the 2 new IPL teams and their owners. New teams will be a part of the Indian Premier League (IPL) from the 2022 season.

Ahmedabad and Lucknow, the two cities have emerged as the newest venue for the additional two teams, who were the front runners until now.

RPSG Group owned by business tycoon Sanjiv Goenka and private equity player CVC Capital have won the bids for new IPL teams.

Big companies from different countries participated in the highly anticipated bidding.

The bidding took place in Dubai in the presence of BCCI officials, including BCCI President Sourav Ganguly and BCCI Secretary Jay Shah. The official and final bids of 10 companies were submitted in the afternoon. The owners of Football Club Manchester United and The Adani Group were also in the race to buy the new teams, but RPSG Group of Sanjiv Goenka and CVC Capital placed the highest bid of Rs 7090 crores and Rs 5166 crores, respectively and won their bids for Ahmedabad and Lucknow based new IPL teams.

BCCI had set 2,000 crores as the base price for the bidding for the new teams. Companies across the world were allowed to own a team in IPL. Companies with a minimum of Rs 3,000 crores per year revenue were allowed to participate in the bidding.

Currently, there are a total of 8 teams in Indian Premier League (IPL), which includes Chennai Super Kings (CSK), Delhi Capitals (DC), Kolkata Knight Riders (KKR), Mumbai Indians (MI), Punjab Kings (PBKS), Rajasthan Royals (RR), Royal Challengers Bangalore (RCB), and SunRisers Hyderabad (SRH). The names of the new teams have not been announced yet.

BCCI have already announced that there will be a mega auction before the new season, which will allow more players to appear in the auction. Other 8 teams can retain only three players of their choice.

Most Popular

Leading Funds including Societe Generale Pick up stake in Karda Construction Ltd

Mumbai (Maharashtra) , December 4: BSE & NSE listed Karda Constructions Limited (KCL), a leading player in the affordable and mid-income housing segment in...

Omicron scare: Foods to avoid for better lung health

The new variant of concern is reported to be highly transmissible and have the potential to bring the third wave of Covid-19. So, if you want to boost your lung health, here are foods that you should avoid eating.

IGNOU Faculty Recruitment 2021: Here’s how to apply for vacant posts, check eligibility criteria

Indira Gandhi National Open University (IGNOU) is inviting job applications for the vacant positions of faculty and director posts. Interested applicants can...

Launch of Global Participation Campaign for Operation Blue Freedom Water World Record at Lakshadweep Islands

After scaling Siachen Glacier, Divyangjan to create New SCUBA Diving World Record in Lakshadweep The world record is part of ‘Operation Blue Freedom Triple...