Big business houses show interest in new IPL 2021 teams

Big business houses: Even as the tender sale deadline (ITT) for two new Indian Premier League (IPL) franchises ended on Sunday (October 10), it was revealed that more than a dozen parties had purchased ITT.

While it is not certain that everyone will be in Dubai within two weeks to bid on the equipment, some large commercial buildings have shown interest.

While this development is not an indication that the commercial building will definitely request equipment, it should be more of an indication of their interest than that it is lacking.

A company spokesperson declined to confirm or deny the development.

One of these parties is the Ahmedabad Adani group. Informed BCCI sources have revealed that Gujarat’s large commercial building, which prefers to buy the Ahmedabad franchise, selected the document.

Some other big parties like Torrent Pharma from Ahmedabad. Aurobindo Pharma from Hyderabad, Sanjiv Goenka from RPSG Group, some agencies and venture capitalists have also bought the ITT. The BCCI has Ahmedabad, Lucknow, Dharamsala, Guwahati, Ranchi. And Cuttack for sale, and the first two cities mentioned are expected to attract serious bidders.

At this point, Cricbuzz understands that some business houses have asked. The BCCI if it can lower the financial criteria of the INR net worth of Rs 2,500 crore and INR. Rs 3 billion in sales for a company or an individual. Questions have been directed to the BCCI in this regard and it is believed that the Board of Directors has refused to relax the clause or reduce the criteria.

Big business houses: The BCCI, it was said, is clear that it does not want to be diluted in its efforts to maintain the financially exclusive nature of the tournament.

New IPL teams coming, BCCI likely to hold auction on October 17

Which has seen no major defaults in its 15 years. The BCCI specified INR for the protocol. 2000 crore as a base price for a new team.

Originally, October 5 was the deadline for ITT sales. Subsequently, the BCCI postponed the deadline by five days, stating: “At the request of the interested parties, the BCCI has decided to extend the date for the purchase of the ITT document until October 10, 2021.”

The parties had to purchase the ITT document in exchange for a non-refundable INR payment. 10 lakh. The BCCI has also announced that the new equipment will be unveiled on October 25 after the tender has closed.

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