The Indian cricket board could before long get more extravagant by basically Rs 5000 crore with the expansion of two new establishments during the IPL 2022. The Indian Premier League, which is presently an eight-group competition, will turn into a 10-group undertaking from the following version and during a new overseeing gathering meeting, the modalities of the offering system were chalked out.
“Any company can buy the bid document paying Rs 75 crore. 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,” stated by one of the senior official of BCCI to PTI.
The source, who has managed the monetary side of Indian Premier League previously, said that the BCCI stands to acquire essentially Rs 5000 crore if the offers go according to design with a lot of huge business combinations showing dynamic interest in offering.
“The BCCI is expecting anything in the range of 5000 crore if not more. There will be 74 IPL games next season and it’s a win-win situation for everyone.”
“I think more than three business entities won’t be allowed to form a consortium but if three businesses come together and want to jointly bid for a team, they are welcome to do so,” further added by the officials.
It is discovered that solitary organisations with a yearly turnover of Rs 3000 crore will be permitted to offer for the groups. In very positive news, the BCCI is intending to permit a consortium to offer for groups as it makes the offering system more dynamic. With this it will be a highly anticipated tournament from the 15th edition as well.