The Indian cricket board might soon get richer. At slightest Rs 5000 crore with the expansion of two new establishments. Amid the 2022 season of the Indian Premier League. The IPL, which is right now an eight-team competition. It will become a 10-team issue from another season. Amid a recent governing council assembly. The modalities of the offering process were chalked out.
“Any company can buy the bid document paying Rs 10 lakh. Earlier top brass was thinking about keeping. The base price for two new teams at Rs 1700 crore. But later it was decided to keep the base price. at Rs 2000 crore,” a senior BCCI source told PTI on the condition of anonymity.
Indian Premier League
The source was dealt with the financial side of the Indian Premier League. They said that the BCCI stands to gain at least Rs 5000 crore. If the bids go as per plan with plenty of large businesses. Also, the merge showing active interest in bidding.
“The BCCI is expecting anything in the range of 5000 crores if not more. There will be 74 IPL games next season and it’s a win-win situation for everyone.”
Moreover, learned that only companies with a yearly turnover of Rs 3000 crore. It will be permitted to offer for the groups. In welcome news, the BCCI is arranging to permit a consortium. Also, to be offered for groups as it makes the offering process more dynamic.
Board of Control for Cricket in India
“I think more than three business entities won’t be allowed to form a consortium but if three business come together and wants to jointly bid for a team, they are welcome to do so,” he said.
In the meantime, the BCCI has reported the release of delicate. Also, to own and work for the IPL team. A discharge by the board examined, “The Governing Council of the IPL invites offers to obtain the proper to own. And work 1 of the 2 new teams proposed to be introduced to take part within the Indian Premier League. From the IPL 2022 season, through a delicate process.