IPL New Teams Tender – The interest for the new IPL teams is unprecedented & as reported by InsideSport earlier, the teams will not be announced on Monday. More than 20 interested parties have picked the tender & 6-7 can bid for the teams. InsideSport spoke to top BCCI official in Dubai – who admitted it will be difficullt the complete bidding process on Monday.
“See, we have to go according to the process and then only it can be determined when the teams can be announced. We have received interests from many companies and individuals and it will take time to go through it all. I can’t say for sure that we can announce the two new teams on Monday. We will have to complete the process and only then there will be clarity” informed the senior BCCI official in Dubai.
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As their is a long list of parties in fray, the Board is expecting huge upside from the base price of 2,000 Cr. The number can almost be doubled for each team from its base-price & BCCI can collectively earn between 7000-9000 Cr from the sale of two franchises.
The long list of high-profile aspirants includes –
- Sanjeev Goenka – Promoters of RPSG
- Glazer Family – Manchester United Owners
- Adani Group promoters
- Naveen Jindal – Jindal Power & Steel
- Torrent Pharma
- Ronnie Screwvala
- Aurobindo Pharma
- Kotak Group
- CVC Partners
- Singapore Based PE Firm
- Hindustan Times Media
- Broadcast & sports consulting agencies ITW,
- Group M
- Deepika-Ranveer backed by leading corporate
IPL New Teams Tender – Who are the serious contenders? There are 22 companies which have picked up tender document worth Rs 10 lakh but with base price for new teams pegged at INR 2000 crore, there is expected to be only five to six serious bidders in fray.
Gautam Adani – Adani Group: One of India’s richest business tycoons Gautam Adani and his Adani Group are expected to bid for the Ahmedabad franchise. Adani Group, if they finally put up a bid, are the favourites to own a new franchise.
Sanjeev Goenka, RPSG Group: Similarly, RPSG group which is headlined by billionaire Sanjiv Goenka are also considered to be serious bidders for a new franchise. Whether RPSG would have any individual or other company as a part of consortium is still not known.
“Gautam Adani and Sanjiv Goenka are the biggest names in the Indian industry. They will be serious bidders. Expect a minimum bid of INR 3500 crore from the potential bidders. Don’t forget that IPL broadcast rights is projected around USD 5 billion (Rs 36,000 Crore).
“So the economics will work accordingly as franchises get the TV revenue share equally,” a BCCI insider tracking the developments told PTI on conditions of anonymity.
For the record, Goenka owned the Pune Franchise Rising Pune Supergiants (RPS) for two years and is also the owner of ISL franchise ATK Mohun Bagan.
Lancer Group – Owners of Manchester United: There has been buzz that Lancer group, which is owned by Manchester United owner Avram Glazer, has also picked up the bid document.
Aurobindo Pharma / Torrent Pharma & Kotak Group: The other notable companies which are in fray comprise Kotak group, pharmaceutical majors Aurobindo Pharma and Torrent group.
IPL New Teams Tender: BCCI admits to InsideSport ‘will be difficult to complete process for new teams on Monday’
Which Cities are in fray for New IPL Teams? The two cities that are favourites in terms of stadium capacity are Narendra Modi Stadium in Motera with more than 100,000 capacity while the other is Ekana Stadium in Lucknow with 70,000 capacity.
The other cities in the hunt are Indore, Guwahati, Cuttack, Dharamsala and Pune.
Former India cricketer may join one of the consortium.
A former India opener may join one of the consortiums which is expected to be serious bidders for the new franchises.
“Yes, a former India opener is ready to shell out around INR 300 crore and buy a minority stake if the consortium he is part of is able to successfully bid for a new team. He comes from a business family and he does want to invest in a cricket team.
“He is a distinguished player in his own right and also understands how the franchisee universe works,” the BCCI source said.
*With Inputs from PTI
