New Delhi: The Board For Control Of Cricket In India (BCCI) has rolled out a tender to invite bids for two new teams proposed to be introduced in the Indian Premier League (IPL) 2022 season. The apex cricketing board in India has made the tender available for potential bidders to make bids to "operate and own" one of the two new IPL teams.
From the next edition, IPL, which so far has eight teams participating in the cash-rich tournament, will become a 10-team affair.
"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 INR 10,00,000 (Rupees Ten Lakhs Only) plus any applicable Goods and Services Tax. The ITT will be available for purchase till October 5, 2021." stated a press release from the BCCI.
The Indian Premier League (IPL) will most possibly make huge gains from the 2022 season. The addition of two new IPL teams in the next season could help the Board of Control for Cricket in India (BCCI) get richer by at least Rs 5000 crore if the bids go as per plan.
"Any company can buy the bid document paying Rs 10 lakh. Earlier top brass was thinking about keeping the base price for two new teams at Rs 1700 crore but later it was decided to keep the base price at Rs 2000 crore," a senior BCCI source told PTI on the condition of anonymity.
"The BCCI is expecting anything in the range of 5000 crore if not more. There will be 74 IPL games next season and it''s a win-win situation for everyone."