Tuesday, October 19, 2021
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BCCI Wants to conclude Sale of New IPL Franchises Before Season Resumes in UAE

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BCCI allegedly needs to finish the offer of two new establishments before the IPL 2021 continues in UAE with the cricket board set to skim tenders in July. The designs for extending the money rich association from eight to ten groups have been doing the rounds for quite a while. 

As indicated by a report in Cricbuzz, a CEO of a firm keen on buying an IPL group, has affirmed the turn of events.

“We understand the tender will be floated next month, we have been waiting for this for quite some time. We will not be surprised if 250 million is the base price,” said by CEO as quoted in the social website.

As of late, Redbird Capital Partners, a private firm having put resources into organisation that claims Liverpool Football Club and Boston Red Sox ball club, procured 15% stake in IPL establishment Rajasthan Royals. 

According to reports, the exchange sum is estimated anywhere between USD 250m to USD 300m. 

Also Read – Mandatory Rules have been implemented by BCCI over conduction of IPL 2021

The site additionally cited another source as saying that the valuation of the new groups is probably not going to take a plunge due to the pandemic and indeed, the new advancement with respect to Rajasthan Royals will just bring about uplifting news for the BCCI.

“The key to getting a good price is telling the world that more parties have interest. If a potential bidder is made known that the biggest business houses have purchased the tender document, the price will automatically shoot up. The media plays a big role in creating the hype. How the BCCI will manage the sale and orchestrate the hype is important,” further added.

The IPL 2021, which was suspended halfway in the  seven day stretch of May because of the rising number of Covid cases inside establishments, will continue in UAE with said as the second phase of the IPL-2021.

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