Mumbai: BCCI plans to have a closed offer for two new IPL teams on October 17 and offers to buy sides can be made until October 5.
The Board plans to have an offer on October 17 and it will have a closed offer, “the source in knowing things gave Know PTI on Tuesday.
BCCI has been on August 31 which was invited to have an IPL franchise with a “invitation to tender” available for purchase until October 5.
“The IPL regulator council invites bids to obtain the right to own and operate 1 (one).
(Two) new teams proposed to be introduced to participate in the Indian Premier League from the 2022 IPL season, through the tender process, “BCCI said in a statement.” Every interested party who wants to bid is needed to buy itt.
“However, only Those who satisfy the feasibility criteria specified in ITT and subject to other terms and conditions set in it, must be eligible to bid.
This is clarified that only buying this ITT does not give the right to bid, “said the cricket’s body.
Among the teams where the team can be based including Ahmedabad, Lucknow and Pune.
Narendra Modi Stadium in Lucknow, with a larger capacity, can be an option for franchising.
Some business houses that conduct rounds including the Adani Group, RPG Sanjeev Goenka Group, recorded the Torrent of Pharma companies and a leading banker who has demonstrated active interest in the purchasing team.