All Updates of IPL New Team Auction 2022- 2 new Franchises IPLT20

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BIDDING MEETING

2022 IPL new Team Auction: Ten parties submitted bids in Dubai for two new franchises. Among the high-profile bidders to put their name in the hat are the owners of Manchester United( known for Football), Adani Group, RPSG Group, Torrent Pharmaceuticals, and Hindustan Media Ventures Pvt Ltd. The two new teams, which were announced today. In the IPL so far you have seen the competition among 8 teams. But the season of 2022 will be a bit different, where 10 teams will be seen playing. These two new teams will be CVC Capital’s Ahmedabad and Sanjeev Goenka Group’s Lucknow. 

BIDDING PROCESS

The bidding process for the two new Indian Premier League (IPL2020) franchises began on Monday in Dubai with ten parties submitting their bids to own a team at one of the six cities — Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati, and Indore.

BCCI is expecting the two new IPL franchises to go for Rs 7000 crore to Rs 10000 crore each. Initially, 22 companies picked up the tender document worth Rs 10 lakh but only ten parties placed their bids.

The base price for the new teams is Rs 2000 crore.

TOP BIDDERs FOR IPL NEW TEAM

  • According to reports, Rising Pune Super Giants has bid for 7,000 crore rupees, which is being said to be the most expensive bid. RPS has been a part of IPL in the past too.
  • The second most expensive bid has been made by CVC Capital. He has made a bid of 5200 crore rupees for the team.

BIDDER LIST

CVC Capital has got the rights of the team of Ahmedabad by bidding 5200 and Sanjeev Goenka Group has got the rights of the team of Lucknow by bidding of 7000 crores. Now both these teams will be the new teams of IPL 2022.

HERE IS THE TWO IPL NEW TEAM in 2022

BCCI DECLARED

Winner! Lucknow, Ahmedabad new IPL cities

LUCKNOW CITY

The Sanjiv Goenka-led RPSG group has won the bid for Lucknow at approx INR 7000 crore (over 932 million USD) The RPSG group previously owned the Rising Pune Supergiant (2016 and 2017) team that played two seasons when CSK and Rajasthan Royals were banned. They will now move to Lucknow’s Bharat Ratna Shri Atal Bihari Vajpayee Stadium – a shiny new venue that was opened to the public only in November 2018 and can accommodate around 50,000 people.

AHMEDABAD CITY

The private equity firm CVC Capital (also referred to as Irelia) wins Ahmedabad at approx INR 5200 crore (over 692 million USD).CVC Capital is an international conglomerate with offices throughout Europe, Asia, and the Americas. They were previous stakeholders in Formula 1 and recently took a minority stake in La Liga, the top-flight football league of Spain. Their home will be the world’s largest cricket stadium, the Narendra Modi Stadium, which has an advertised capacity of 132,000 people.

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