New IPL teams: BCCI expecting anything between ₹7,000 cr and ₹10,000 cr with Adani, Goenka, Aurobindo in fray
The Hindu
There are 22 companies which have picked up tender document worth ₹10 lakh but with base price for new teams pegged at ₹2,000 crore, there is expected to be only five to six serious bidders in fray
The Indian cricket board will be expecting the two new IPL franchises to go for anything between ₹7,000 crore and ₹10,000 crore each after the bidding process begins on October 25. It is still not clear whether the BCCI will announce the successful bidders on the day itself after doing the technical evaluation of the bids.
There are 22 companies which have picked up tender document worth ₹10 lakh but with base price for new teams pegged at ₹2,000 crore, there is expected to be only five to six serious bidders in fray.
The BCCI is also allowing a consortium of up to three companies/individuals to bid for a franchise.