BCCI to get rich from 2 new IPL teams?

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IPL 2022: Will BCCI get 5000 crores from adding 2 new teams to the IPL? let’s find it out. Washington Sundar out of IPL?

BCCI symbol. Twitter: @toisports.
BCCI symbol. Twitter: @toisports.

Richest cricket board getting richer.

The Board of Control for Cricket in India could soon get richer by at least ₹5000 crores with the addition of two new franchises during the 2022 edition of the cash-rich Indian Premier League. The IPL, which is currently an eight-team tournament, will become a 10-team affair from the next edition and during a recent governing council meeting, the modalities of the bidding process were chalked out.

“Any company can buy the bid document paying ₹75 crores. Earlier top brass was thinking about keeping the base price for two new teams at ₹1700 crore but later it was decided to keep the base price at ₹2000 crore,” a senior BCCI source told PTI on the condition of anonymity.

the financial side of IPL in the past said that the BCCI stands to gain at least ₹5000 crores if the bids go as per plan with plenty of large business conglomerates 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.”

Logo IPL. Twitter: @IPL
Logo IPL handled by BCCI. Twitter: @IPL

BCCI have set some pre requisites for bidding.

It is mandatory for the companies to have an annual turnover of 3000 crores or more to be allowed to bid for the teams.

In a piece of welcome news, the BCCI is planning to allow a consortium to bid for teams as it makes the bidding process more vibrant.

“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. CSK ready to roar.

IPL 2022 New Teams: Among the venues where the teams could be based include Ahmedabad, Lucknow, and Pune. The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with bigger capacities, could be the choice for franchises. Some of the names that are doing the rounds include the Adani group, RPG Sanjeev Goenka group, noted pharma company Torrent, and a prominent banker who has shown active interest in buying teams.

Which teams do you think will get into IPL?