Home Cricket News IPL 2022: Base Price For New Teams Set At Rs 2000 Crores:...

IPL 2022: Base Price For New Teams Set At Rs 2000 Crores: Reports

It is learnt that only companies with an annual turnover of Rs 3000 crore will be allowed to bid for the teams

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VIVO IPL (Credits - Twitter)

The addition of two new teams in IPL 2022 could earn BCCI a profit of 5000 crores. If reports close to BCCI sources are to be believed, the two new teams which set to be a part of the competition next year are set at a base price of 2000 crores each. The IPL is all set to be a 10-team affair from the next season and the recent developments were discussed at the recent governing council meeting.

“Any company can buy the bid document paying ₹75 crore. Earlier top brass was thinking about keeping the base price for two new teams at ₹1700 crore but later it was decided to keep the base price at ₹2000 crore,” a senior BCCI source told PTI on the condition of anonymity.

The BCCI official also touched upon the possibility of the board making a profit of 5000 crores with the addition of the two new teams. The franchises are most likely to be based out of Ahmedabad and Lucknow.

IPL 2022: BCCI Likely To Benefit 5000 Crores

“The BCCI is expecting anything in the range of 5000 crore if not more. There will be 74 IPL games next season and it’s a win-win situation for everyone.”

It is learnt that only companies with an annual turnover of Rs 3000 crore will be allowed to bid for the teams. “I think more than three business entities won’t be allowed to form a consortium but if three business come together and wants to jointly bid for a team, they are welcome to do so,” he said.

Meanwhile, the IPL 2021 UAE leg starts on September 19 with Chennai Super Kings taking on the Mumbai Indians in the first match. KKR and RCB play the next game. In all, 13 matches will be held in Dubai, 10 in Sharjah, and 8 in Abu Dhabi.

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