BCCI is expecting the two new Indian Premier League. The franchises to go for amounts between INR 7,000 crore and INR 10,000 crore. According to news agency PTI, the bidding process for the two new IPL teams. It will begin in Dubai on Monday. A total of 22 companies have picked up bidding papers. It is worth INR 10 lakh, but the base price for the new teams. It has been set at Rs 2,000 crore, and only five to six serious bidders are expected. Also, the BCCI is allowing cooperations of up to three companies or individuals to make bids.
Gautam Adani and his Adani Group are favorites to bid. It’s for one of the franchises. Billionaire Sanjeev Goenka’s RPSG group is another interested party. Also, Goenka earlier owned Rising Pune Super Giant for two years in the IPL.
“Gautam Adani and Sanjiv Goenka are the biggest names in the Indian industry. They will be serious bidders. Expect a minimum bid of Rs 3,500 crore from the potential bidders. Don’t forget that IPL broadcast rights are projected at around $5 billion (Rs 36,000 Crore). Moreover, the economics will work accordingly as franchises get the TV revenue share equally,” BCCI official said.
“Yes, a former India opener is ready to shell out around Rs 300 crore and buy a minority stake. If the consortium he is part of is able to successfully bid for a new team. He comes from a business family and he does want to invest in a cricket team. Also, he is a distinguished player in his own right and also understands how the franchisee universe works,” the source was quoted as saying.
Lastly, the owners of Manchester United, the Glazer family, are interested in acquiring an IPL franchise. Also, Ranveer Singh and Deepika Padukone are reported to be interested. In acquiring a stake in a team and will join up with a consortium.