BCCI invites bids for two new teams to join IPL 2022, check details
By Sanjay Maurya
- IPL will have ten teams in the 2022 season.
- Backer may need to commit to a $300 million budget as well as pay fees upfront to secure a franchise.
- Participants have till October 5 to request specifics about the tender, and a result could be announced the same month.
IPL will have ten teams in the 2022 season. On 31st August, bids were called through a tender method to kick-start the league’s expansion plans, eight months after the Board of Control for Cricket in India (BCCI) gave its clearance to add two more teams to the league.
Current Teams and their Owners
|Team||Current Owner(s) in 2021|
|Chennai Super Kings||Chennai Super Kings Cricket Limited|
|Delhi Capitals||GMR Group and JSW Group|
|Kings XI Punjab||Mohit Burman, Ness Wadia, Preity Zinta, and Karan Paul|
|Kolkata Knight Riders||Red Chillies Entertainment and Mehta Group|
|Mumbai Indians||Reliance Industries|
|Rajasthan Royals||Amisha Hathiramani, Shane Warne, Manoj Badale, Lachlan Murdoch, and Ryan Tkalcevic|
|Royal Challengers Bangalore||United Spirits Limited|
|Sunrisers Hyderabad||Sun TV Network|
The IPL had earlier claimed that it will increase the number of teams from eight to ten for the 2022 season, however, only one of those teams was included in the tender release. According to sports industry analysts, a backer may need to commit to a $300 million budget as well as pay fees upfront to secure a franchise. However, large Indian conglomerates, such as the Adani mining and trade group, are rumored to be waiting in the background.
The IPL’s governing council is holding a tender procedure to acquire the right to own and run one of the two new teams slated to participate in the Indian Premier League starting in the 2022 season.
Participants have till October 5 to request specifics about the tender, and a result could be announced the same month. The IPL did not provide a date for the start of the competition for the second team. For the past two years, the IPL, which is claimed to bring billions of dollars to the Indian economy each year, has faced the coronavirus pandemic.
However, expanding the IPL to ten teams will result in more matches and force international talents to commit to a lengthy league. Ahmedabad, Kochi, Lucknow, Pune, and Ranchi have all been mentioned as potential bases for the new teams. Ahmedabad is the headquarters of Adani.
The entire event will be held in the United Arab Emirates in 2020. The event was halted in April due to the devastating Covid-19 outbreak in India, and it will resume in the UAE on September 19.
- Business vs Job: Which is Better
- Top 10 series on Netflix 2021, don’t miss these must-watch series
- Upcoming List of Top Indian Web Series of 2021
- Top 10 richest player of the world 2021
- Top 10 highest paid CEO in the World
- Top 10 richest person of India
- Top 10 Highest Paid CEOs of India
- The Success Story of Steve Jobs
- Top 10 Business Magazine In India
- Top 10 Business Newspaper In India
- Top 10 richest billionaires in the world 2021