The next edition of the Indian Premier League (IPL 2022) will witness two new franchises participating in the tournament, making it a 10-team affair. The cities of Ahmedabad and Lucknow were finalized after an intense bidding process that took place in Dubai on October 25.
RPSG Group, owned by Sanjeev Goenka, who previously had a team in the league is now back. In the 2016 and 2017 editions, the group had bought Pune city’s franchise which had been made to fill in the spaces which were left behind because of the ban which Chennai Super Kings and Rajasthan Royals had faced.
🚨 NEWS 🚨: BCCI announces the successful bidders for two new Indian Premier League Franchises
More Details 🔽https://t.co/FSU4LsAxzj
— BCCI (@BCCI) October 25, 2021
Rising Pune Supergiant as it was known then, even made it to the final in 2017, only to lose marginally against Mumbai Indians. Now, they have a team from Lucknow with the highest bid of 7090 crores. CVC Capitals bought the stakes in the franchise based out of the city of Ahmedabad in Gujarat.
RPSG Group made the highest bids at the auction for two new teams in IPL 2022
The RPSG ventures ltd. were the highest bidders in fact as they put forward an amount of INR 7090 crores for both Ahmedabad and Lucknow. They also bid for Indore with an amount of INR 4790 crores. Irelia Company Pte Ltd, who bid under CVC Capital put forward an amount of INR 5625 crores for Ahmedabad while also bidding INR 5166 for Lucknow. They eventually got the Ahmedabad team.
Two frontrunners going into the bidding were Adani Group and the Glazers Family, who own football giants Manchester United. They made bids of 5100 crores and 4000 crores but fell short.
Here is the full list of bidders:
How the #IPL bids went! pic.twitter.com/nLjQb6djsB
— Harsh Goenka (@hvgoenka) October 25, 2021
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