Manchester United Glazer Brothers arrived at the UAE on the Minggumumbai day: T20 World Cup matches between India and Pakistan were not the only buildup that occurred in Dubai 72 last hour.
Investor clutches, armed with strategies and numbers to bid two new franchises for sale in the Indian Premier League (IPL), busy building a completely new chapter.
At 11 o’clock in the morning on Monday, a closed offer will be submitted in front of the BCCI office carrier in Dubai and the individual who has been officially appointed by their company / consortium to represent them on the offer will enter the room where the offer is opened.
During the day, the IPL will have two new teams, expand the league from eight to 10.
The adani group or a torrent group from Ahmedabad will bid, not both.
Although, there are also some speculations that the two companies may gather along with a joint offer.
RP-Sanjiv Goenka Group is ready to submit an offer with a high amount to have one of two franchises.
Toi has reported about the Glazer family – Manchester United owner – Interest and can be confirmed that the owner of the US-based club arrives in Dubai on Sunday and is ready with a bidding document.
There are more surprises in the store.
Industrialist Naveen Jindal, who has interest in steel and power, wants to buy a franchise.
The 51-year-old businessman, who is also a former parliamentary member, was studied to approach the Odisha state to partner with the Government of Naveen Patnaik for the franchise in Cuttack.
If Jindal manages to submit a winner’s offer, the source said: “The Odisha government will wholeheartedly support the franchise in Odisha because it has supported every other sport over the past years” including Indian hockey.
Capri Global, a financial service company in partnership with a private company based in Chennai, and a leading private equity CVC capital player is also expected to participate in the supply process.
Hindustan Times Media, a private equity company based in the US, and several bankers and other entrepreneurs have also taken a tender document but there has been no confirmation if there are individuals or companies outside the names mentioned above will come to the table.
All said, the torrent group from Ahmedabad and the RP-Sanjiv Goenka Group continued to be a hot favorite to have a franchise.
Ahmedabad, Lucknow, Indore, Cuttack and Guwahati are in Medan.
After all offers delivered, BCCI will go through reference provisions, and if all conditions are fulfilled, and then will declare the winner.
Excel sheets from the submitted numbers will be easily displayed on the screen in the bidroom.
The winner will continue to have a franchise for eternal.
BCCI, said the sources in knowledge, could be much clearer with policies related to their offer than before.
For example, most potential bidders have relatively not knowing about how precisely the process will be played in terms of delivery.
“Anyone who comes to the offer table will expect to know the value of all the other bidders, regardless of the offer of winners,” they said that the development.