IPL New Teams Bidding LIVE: Manchester United owners arrive in Dubai as bidding for two new IPL teams ready to roll: Follow LIVE

IPL New Teams Tender: Manchester United owners arrive in Dubai as bidding for two new IPL teams ready to roll: Follow LIVE
IPL New Teams Tender: Manchester United owners arrive in Dubai as bidding for two new IPL teams ready to roll: Follow LIVE

IPL New Teams Tender – Manchester United Owners in Dubai: If someone did not believe the news that Manchester United owners i.e Glazer family is vying for a Indian Premier League team, all doubts for them should be cleared now. As the D-day to select the two new IPL is upon us, the owners of Manchester United are in the UAE to try and ensure they get to own one team in the cash-rich league – Follow all LIVE Updates on InsideSport.in

IPL New Teams Tender: Man United owners arrive in UAE as IPL gets ready to unveil two new teams

@02:45PM: IPL New Teams Bidding LIVE Updates – BIDS Paperwork is getting scrutinised by BCCI at this stage

    • 10 Bids Submitted
    • BCCI Legal & Financial team now checking paperwork & other requisites
    • Only if Bidders clear technical eligibility – Financial BID Envelope will be opened
    • BCCI will 1st check all 10 BIDS for TENCHNICAL Eligibility / will ask ineligibile bidders to leave the ROOM
    • Financial BIDS for all qualified BIDDERS will be opened in front of everyone.
    • The WINNER of the BIDS can either be announced today or even can be postponed for tomorrow.

@1:35PM: 10 Parties Submit Bids for 2 New IPL Teams – BCCI and their lawyers are now doing the TECHNICAL Evaluation of the submitted BIDS

Once parties clear the TECHNICAL ROUND – Financial BIDS will be opened.

@12:44 – Pragyan Ojha With the chairman Brijesh Patel sir and Majumdar

 

@12:34 – Just some more time to go as BIDDING process for new IPL teams starts

 

IPL New Teams Tender – Manchester United Owners in Dubai: Speaking to ANI, sources in the know of developments confirmed the presence of the Manchester United owners in the UAE for the big day. “Yes, they are here. We will know by afternoon on which two cities have teams and who are the owners,” said the source.

Manchester United owners showing interest to be a part of the IPL may be one of the reasons why the Board of Control for Cricket in India (BCCI) on September 21 informed they have decided to extend the date for purchasing the Invitation to Tender (ITT) for the right to own and operate one of two proposed new IPL teams document till October 10 from the initial deadline of October 5.

Earlier, speaking to ANI, sources in the know confirmed the interest shown by Manchester United owners .”Well yes, it is true that they have shown interest and that may be one of the reasons why the dateline was extended by the BCCI. IPL is not just restricted to India, it is a global entity now,” the source pointed.

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The process to finalize & select the new IPL teams?

  • At 11 am on Monday, closed bids will be submitted in front of the office-bearers of the BCCI in Dubai.
  • Individuals who have been officially appointed by their companies / consortiums to represent them at the bidding will enter a room where the bids will be opened.
  • By end of the day new franchsie owners can be announced

IPL New Teams TenderWho are the serious contenders? There are 22 companies which have picked up tender document worth Rs 10 lakh but with base price for new teams pegged at INR 2000 crore, there is expected to be only five to six serious bidders in fray.

Gautam Adani – Adani Group / Torrent Pharma: One of India’s richest business tycoons Gautam Adani and his Adani Group are expected to bid for the Ahmedabad franchise in partnership with Torrent Pharma. Both have formed consortium & are frontrunners to buy Ahmedabad franchsie.

Sanjeev Goenka, RPSG Group: Similarly, RPSG group which is headlined by billionaire Sanjiv Goenka are also considered to be serious bidders for a new franchise. Whether RPSG would have any individual or other company as a part of consortium is still not known.

“Gautam Adani and Sanjiv Goenka are the biggest names in the Indian industry. They will be serious bidders. Expect a minimum bid of INR 3500 crore from the potential bidders. Don’t forget that IPL broadcast rights is projected around USD 5 billion (Rs 36,000 Crore), a BCCI insider tracking the developments told PTI on conditions of anonymity.

For the record, Goenka owned the Pune Franchise Rising Pune Supergiants (RPS) for two years and is also the owner of ISL franchise ATK Mohun Bagan.

Naveen Jindal Cuttack Franchise: Industrialist Naveen Jindal is learnt to have approached the state of Odisha to partner with the Naveen Patnaik-led government for a franchise in Cuttack – and is likely to go very agressive in the bidding.

CVC Capital: They who owns stakes in La Liga, World Volleyball and various other sports ventures globally & is expected to put up a aggressive bid for the team.

Capri Global, a financial services company in partnership with a Chennai-based private company.

IPL New Teams Tender: BCCI admits to InsideSport ‘will be difficult to complete process for new teams on Monday’

Which Cities are in fray for New IPL Teams? The two cities that are favourites in terms of stadium capacity are Narendra Modi Stadium in Motera with more than 100,000 capacity while the other is Ekana Stadium in Lucknow with 70,000 capacity.

The other cities in the hunt are Indore, Guwahati, Cuttack, Dharamsala and Pune.
Former India cricketer may join one of the consortium.