RPSG Group of Sanjiv Goenka and CVC Capital, an international investment firm, have bagged the two new IPL teams as per reports circling across the media. The owners have left behind other popular names like the Glazer family who owns a stake with Manchester United. The likes of Jindal Steel, Torrent Pharma, Aurobindo Pharma were also in the bidding race for bagging the two new teams.
Ahmedabad and Lucknow join the other eight established cities in the league to make it a 10-team tournament from the next year. The Sanjeev Goenka Group have picked Lucknow as their home base for INR 7090 crores, while owners of CVC Capitals have bagged Ahmedabad for INR 5166 crores.
10 parties turned up for the Indian Premier League (IPL) team auction at Taj Dubai exactly at 12:30 PM IST (11:00 AM UAE). Manchester United’s owners were one of those who placed bids to own an IPL franchise at one of the six cities – Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore.
New IPL teams: Sanjiv Goenka-owned RPSG group claims Lucknow franchise with over Rs 7,000 crore bid: PTI quoting BCCI source pic.twitter.com/X1GiF9eC8j
— TOI Sports (@toisports) October 25, 2021
JUST IN: RPSG Group of Sanjiv Goenka and CVC Capital, an international investment firm, have bagged the two new IPL teams. #IPL #IPLNewTeam
— Cricbuzz (@cricbuzz) October 25, 2021
The Adani Group and the RPSG Group, owned by Sanjiv Goenka, are among others who have submitted bids. It has also been learnt that Rhiti Sports, promoted by MS Dhoni manager Arun Pandey, submitted a bid for Cuttack.
The stage is set! 👍 👍
Bidding for the 2⃣ new IPL teams to commence shortly! pic.twitter.com/Vsu58ZA83d
— BCCI (@BCCI) October 25, 2021
As per sources, Rhiti was fronting for a big company, believed to be owned by local businessman Anand Podar. However, it is understood that he arrived a little late at the venue and his bid was eventually not accepted for a late submission.
A total of 74 matches will be played in IPL 2022
The 2022 edition will not be the first time the IPL will comprise 10 teams – that already happened a decade ago. It has been confirmed that the tournament format will follow the 2011 model, which scrapped the simple home-and-away format, and included a total of 74 matches (instead of the current number of 60).
IPL franchise update…
I'm hearing insane stuff!!!!!!!!!
RP-Sanjiv Goenka Group has submitted a mind-boggling bid of 7,000 crore-plus!!!!!You read it here first… : )#IPL
— KSR (@KShriniwasRao) October 25, 2021
Ahmedabad and Lucknow—the two new IPL teams??
— Aakash Chopra (@cricketaakash) October 25, 2021
IPL franchise update…
Private Equity player CVC Capital, that recently bought LA Liga, and owns Formula One and Rugby, have put in the 2nd highest bid of Rs.5,200 crore.
You read it here first. : )#IPL
— KSR (@KShriniwasRao) October 25, 2021
IPL franchise update…
RP-Sanjiv Goenka Group puts bid of around 7200 crore
CVC Capital has put a bid of Rs 5,200 crore.
These are the winning bids…
— KSR (@KShriniwasRao) October 25, 2021
RPSG – Lucknow
Irelia Company Pte Ltd – Ahmedabad they won the bids.— Boria Majumdar (@BoriaMajumdar) October 25, 2021
RPSG and CVC. Sanjeev Goenka says feels good to be back in IpL. This is first step. Need to make a very good team. That’s most imp.
— Boria Majumdar (@BoriaMajumdar) October 25, 2021
In the 2011 edition, the 10 teams were split into two loose groups, and the tournament comprised 70 league matches and four playoff games, with all the teams ranked in one composite league table. During the league phase, every team played the same number of league matches, which was 14.
Each team played the other four in their group both home and away (eight matches), four of the teams in the other group once each (four matches, either home or away), and the remaining team in the other group twice, both home and away. A random draw decided the composition of the groups as well as who played whom across the groups once and twice.
