IPL 2021 – 2 New IPL Teams Tender coming soon: The BCCI top brass including president Sourav Ganguly, secretary Jay Shah on Saturday had a meeting on execution of various policy decisions approved by the IPL Governing Council at the start of the year.
The Indian Premier League (IPL) will be a 10-team affair from 2022 as the BCCI has decided to auction two new teams in the month of May during the final phase of upcoming edition. The BCCI top brass including president Sourav Ganguly, secretary Jay Shah on Saturday had a meeting on execution of various policy decisions approved by the IPL Governing Council at the start of the year.
“The 10 team IPL will roll on from next year and the bidding process and finalisation of the new franchises will be completed by the month of May this year,” a senior BCCI source privy to the developments told PTI on conditions of anonymity.
“Once the teams are finalised, they can start their operational work which takes considerable time,” the source added.
IPL New Team Base Price – What will be the base price for New IPL Teams?
The big question in front of BCCI and IPL Governing Council is – what will be the floor price for the new IPL teams. InsideSport tried reaching out to some of the concerned BCCI officials and checked what will be the base price for the new IPL teams. One of the BCCI official told InsideSport.co that, ‘the base price for the new IPL teams will be nothing less than 1500 Cr’
‘Nothing has been officially discussed about the base price as yet. But during BCCI AGM we discussed the matter informally. Ownership of IPL team is now a very prized asset and we feel the base price for the new IPL team will be nothing less than 1500 Cr or probably more’, told the BCCI official to InsideSport.
InsideSport further checked, how exactly the base price for new IPL teams will be determined and when the tenders will be released ?
‘IPL GC will decide the base price and tender timelines. In 2018, JSW took 50% of Delhi Capitals (At that time Delhi Daredevils) at a valuation of 1100 Cr. We know the valuation for the teams are increasing by every edition. More over our new Media Rights tender is due, it will further enhance the valuation for teams. So base price of 1500-1600 cr is not far fetched’, said the senior BCCI official.
It is worth noting that when initially the first 8 teams were sold in IPL in 2008, the base price was USD 50Mn (Dollar was capped at Rs 35)
Mumbai Indians was sold to Ambani’s for $111.9 Mn
RCB at $111.6 Mn
Deccan Chargers went at $107 Mn
CSK was sold at $91 Mn
Delhi Daredevils – $84 Mn
Kings XI Punjab – $76 Mn
Kolkata Knight Riders – $75.09 Mn
Rajasthan Royals was the cheapest team at $67 Mn