2 new teams to be a part of IPL from 2022: BCCI confirms names of the 2 winning bidders.
The BCCI is happy to welcome 2 new teams from the next season of the Indian Premier League. The IPL will now go to two new cities in India viz in Lucknow and Ahmedabad.
On 25th October 2021, BCCI announces the successful bidders for two new Indian Premier League Franchises. The Governing Council of the IPL had issued an Invitation to Tender (“ITT”) to acquire the right to own and operate 2 (two) new franchises.
The new franchises will participate in IPL from 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play 7 home and 7 away matches.
RP- Sanjiv Goenka Group and CVC Capital are the two companies that have acquired the rights of the new franchises.RPSG Ventures Ltd. – Lucknow (for INR 7090 crores) Irelia Company Pte Ltd. (CVC Capital Partners) – Ahmedabad (for INR 5625 crores).
The mega auction for IPL 2022 will be held either in January or February next year.
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