The owner of Manchester United shows interest in the new franchise, six bidders, upmumbai: the Glazer family who owns and runs what is considered the most popular football club in the world, Manchester United, has shown interest in the Indian Premier League (IPL).
The US-based owner of the British Marquee League League club has been reported to have taken invitations for Tender (ITT) floating by BCCI through private equity companies.
It can be confirmed that the owner of Manchester United tracks the development of the most valuable T20 league in the world with sharp interests.
Itt floated by BCCI, which called for a closed offer to be delivered in the last week of October, has a few tight clauses.
For example, prospective bidders are expected to hand over the average turnover of RS 3,000 Crore or personal net worth Rs 2,500 Crore qualifies to bid.
However, the average scolding clause, recently reworked by BCCI after certain potential bidders made a specific request to reduce the value to meet the feasibility criteria.
Itt also allowed foreign entities to buy ITT and send bids on the conditions they have to win offers, they must establish a company in India.
“So, technically, overseas investors qualified to submit bids if they fulfill this condition.
We don’t really know whether the owner’s owner will come to the table table.
What we certainly know is that they have shown interest,” said they tracked them development.
Among others, who had taken it was a adani group, Torrent Pharma, Aurobindo Pharma, RP-Sanjiv Goenka Group, Hindustan Times Media, Jindal Steel (led by Naveen Jindal), Ronnie Screwvala Entrepreneur and three private equity players.
In accordance with the last statement of BCCI, Wednesday, October 20 is the deadline for taking a tender document available at the price of Rs 10 Lac.
“Many people usually choose this tender document to learn and collect information that tends to be very useful from a larger industrial perspective.
For example, buying a bid document will tell me more about what BCCI is doing further, in terms of league expansion, etc.
For example , if Disney has bought a tender document to buy a franchise, it does not mean Disney is interested in having a franchise.
It will learn the document because it must plan the landscape of the media right, “said the development of tracking it.
Ahmedabad, Lucknow, Guwahati, Cuttack, Indore and Dharamsala are among cities that will remain the top of the investor’s mind when they go prepare to bid two new franchises.
“Obviously, Ahmedabad will be a top priority because the new 1.10 Lac Stadium and the type of following the country has for cricket games.
To be honest, Ahmedabad is long because it has the IPL franchise itself.
Since 2010, they have shown interest and actually come to the table at that time,” Add them.
BCCI has not said anything about whether the last date of submission will be further postponed from October 25.
The formal announcement is expected to be carried out on the 26th and the offer will be delivered in the UAE.