BCCI extends the deadline for purchasing the tender documents for new IPL teams

BCCI on Wednesday extended the deadline for purchasing the tender document for new Indian Premier League (IPL) teams by an additional 10 days until October 20 and reliable sources said the two new franchisees would cost no less than Rs 3,500 crore each. The board of directors of the had published on August 31 the invitation to tender document (ITT) on the payment of the non-refundable tender fee of Rs 10 lakh. He had previously extended the date to October 10.

“In accordance with requests from various interested parties, the BCCI has now decided to extend the date of purchase of the ITT document until October 20, 2021,” said a statement from the BCCI.

BCCI plans to add two teams for the 2022 edition and it is expected that they could be based in Ahmedabad, Lucknow or Pune.

It has been learned that large companies such as Kotak Group, Torrent Pharma, RP-Sanjiv Goenka Group, Birla Group and Group are interested in joining the IPL movement, which now has eight teams.

BCCI hopes to earn a minimum of Rs 7000 crore although the base price for each team has been set at Rs 2000 crore.

The Indian Cricket Council allows tripartite consortia to submit bids.

The new squads are set to be unveiled on October 25 in Dubai, a day after India clashed with Pakistani rivals in the T20 World Cup.

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