BCCI Invites Bids For New IPL Team Debuting In 2022
The Board Of Cricket For Cricket (BCCI) In India had announced some time ago that there would be a couple of teams added to the IPL in the upcoming edition (2022). For that purpose, the richest cricketing board in the world was looking for owners. They wanted rich sustainable owners that could hold their own for the long run. With the pandemic hitting the country, it was not going to be easy to get things done.
The IPL 2021 tournament had to be stopped midway due to Covid-19. On the other hand, the venue for the tournament and the upcoming T20 World Cup had to be changed as well. The two tournaments were relocated to the middle-east. Keeping that in mind, it becomes essential to get things sorted before the official auction for the tournament happens. That is why the BCCI wants to get things sorted and fast.
What Is The Criteria Set By The BCCI To Add The New Owners And What Could This Mean For The Tournament As A Whole?
It was been confirmed by reports that a backer may have to commit an amount of $300m. That is if he or she is seriously interested to buy a franchise. To add to that, the owner will have to pay fees upfront. Some major Indian groups including the Adani mining and trading conglomerate were said to be interested. It was stated that they could be the ones making the purchase.
The IPL sent out a recent statement, which read as, "The governing council of the IPL invites bids for the acquisition of the right to own and operate one of the two new teams proposed. They are to be introduced to take part in the Indian Premier League from the IPL 2022 season, through a tender process."
Well, the BCCI knows how to build a tournament and run it. They have seen a lot of success with the IPL so far. It is the richest cricketing domestic league in the world at the moment. With that being said the board will surely ensure that it recovers any losses that it made during the pandemic. This could really give them a push to undertake bigger projects in the long run.