BCCI invites tender to own one of the two new Indian Premier League franchises. The Board of Control for Cricket in India (BCCI) has announced. The tender to own one of the two new IPL franchises on Tuesday.
Especially, the apex Indian board had decided to include. The two new teams in the cash-rich league from the 2022 season. Also, in the Annual General Meeting held on December 24 last year.
BCCI released the delicate details. Which said that the interested party would need to purchase an Invitation to Tender. It is by paying a non-refundable amount of INR 10,00,000 additionally GST before making they’re offered.
BCCI invites to Tender, which should be accessible for purchase until October 5, 2021. It includes terms and conditions with respect. Also, to qualification necessities, the method for submitting offers. And proposed new teams’ rights, etc.
The Board of Control for Cricket in India
“The Governing Council of the IPL invites bids to acquire the right to own and operate. 1 of the 2 new teams proposed to be introduced. Also, to take part in the Indian Premier League from the IPL 2022 season. After that, through a tender process. The detailed terms and conditions governing the submission and evaluation of bids. It is including eligibility requirements, a process for submissions of bids. Also, proposed new teams’ rights, and obligations, etc. They’re containing in the Invitation to Tender. Which will be made available on receipt of payment of a non-refundable fee. Also, INR 10,00,000 plus any applicable Goods and Services Tax. The ITT will be available for purchase till October 5, 2021,” the Board of Control for Cricket in India said.