BCCI plans to have a gated offer for the two new teams on October 17th and offers to buy the teams can be made until October 5th.
“The board expects to have the tender on October 17 and it will be a closed tender,” sources familiar with the matter told PTI on Tuesday.
The BCCI had launched a call for tenders to own an IPL franchise with “Invitation to Tender” available for purchase until October 5 on August 31.
“IPL Board of Directors is launching a call for tenders to acquire the right to own and operate 1 (one) of the 2 (two) new teams proposed to participate in the Indian Premier League from the season 2022 of the IPL, through a call for tenders process, ”the BCCI said in a press release.
“Any interested party wishing to submit an offer is required to purchase the ITT.
“However, only those who meet the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, will be eligible. It is clarified that the mere purchase of this ITT does not entitle anyone to bid.” , cricket corps had said.
Some of the sites where the teams could be based include Ahmedabad, Lucknow and Pune.
Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with larger capacities, could be the choice of franchises.
Some of the business houses doing the rounds include the Adani Group, RPG Sanjeev Goenka Group, famous pharmaceutical company Torrent, and a prominent banker who has shown an active interest in buying teams.