WIPL Teams Auction: BCCI gets richer by Rs 4669 Cr as MI, RCB & DC bag WIPL teams, Adani & Capri Global enter Indian cricket: Follow LIVE Updates
WIPL Teams Auction – Women IPL 2023: The stage is set for WIPL. 3 IPL teams and two new entrants have splashed…
WIPL Teams Auction – Women IPL 2023: The stage is set for WIPL. 3 IPL teams and two new entrants have splashed a combined Rs Rs 4669 Cr to bag five founding teams of Women’s IPL. Adani Group after failing to land an IPL team last time out has finally entered Indian cricket with the highest bid of Rs 1,289 Cr. They will operate Ahmedabad franchise. Royal Challengers Bangalore, Mumbai Indians and Delhi Capitals are 3 IPL teams who will own WIPL teams as well. The other new entrant is Capri Global who own team in ILT20. Follow WIPL 2023 LIVE Updates on InsideSport.IN.
Reliance-backed Mumbai Indians was the 2nd highest bidder with Rs 912 Cr and will operate Mumbai franchise. Diageo-backed RCB will operate from Bengaluru after bagging the team for Rs 901 Cr. JSW-GMR-backed Delhi Capitals will operate Delhi franchise after splashing Rs 810 Cr. Capri Global has bagged Lucknow franchise for Rs 757 Cr.
FIVE TEAMS
FIVE VENUES 🏟️
Welcome to the Women’s Premier League 🙌🙌#WPL pic.twitter.com/29MNGEDDXe
— BCCI (@BCCI) January 25, 2023
- Ahmedabad – Adani (Rs 1289 Cr)
- Mumbai – Reliance (MI) – Rs 912 Cr
- Bangalore – Diageo (RCB) – 901 Cr
- Lucknow – Capri Global – 757 Cr
- Delhi – DC franchise – 810 Cr
Today is a historic day in cricket as the bidding for teams of inaugural #WPL broke the records of the inaugural Men’s IPL in 2008! Congratulations to the winners as we garnered Rs.4669.99 Cr in total bid. This marks the beginning of a revolution in women’s cricket and paves the
— Jay Shah (@JayShah) January 25, 2023
“I congratulate the winners for making successful bids to own WPL teams. The league will give players from India and abroad a chance to learn and grow together. It will pave the way for development at the grassroots level with the inclusion of more women cricketers. I would also like to congratulate the BCCI team for the smooth execution of the auction process. I’m confident that the league will help our women cricketers shine on the global stage,” BCCI President, Mr Roger Binny said.
WIPL Teams Auction: BCCI gets richer by Rs 4669 Cr as MI, RCB & DC bag WIPL teams, Adani & Capri Global enter Indian cricket: Follow LIVE Updates
Out of the 7 teams, 6 teams already own teams in other leagues. Only Royal Challengers Bangalore are without a team in foreign leagues. All of them will now aim to add a women’s team to their growing portfolio. However, only 5 of them can own a team and they will also have heavy competition from big players such as Adani Group.
On Monday, BCCI received 17 technical bids. Out of them, 10 are non-IPL team owners. Among them, Adani Group will be eying an entry after missing out on an IPL team last time out.
WIPL Teams Auction: BCCI gets richer by Rs 4669 Cr as MI, RCB & DC bag WIPL teams, Adani & Capri Global enter Indian cricket: Follow LIVE Updates
Why CSK, LSG, GT are not bidding for WIPL Teams? According to a report by Cricbuzz, Chennai Super Kings official confirmed the decision saying it was a strategic business call. However, InsideSport understands that CSK was not eligible as the BCCI had set Rs 1,000 Cr valuation for the parent company.In the case of Lucknow Super Giants and Gujarat Titans, they are still in the loss following their successful bids for Men’s IPL teams. Hence, it was a business decision to not bid for WIPL teams.
When the Financial BIDS will be submitted? The deadline for submission of the financial bids for the five teams is Wednesday morning. After this, the BCCI will reveal the owners of the five franchises in WIPL. It’s a close bidding affair. It means the BIDDERS will have to put their BEST-FOOT forward at the WORD-G0.
Another windfall for BCCI – After bagging Rs 941 Cr from Viacom18 for WIPL Media Rights, BCCI has now bagged Rs 4669 Cr from auction of five new teams.
To remind everyone, BCCI sold IPL Media Rights for Rs 48,390 Cr and two new IPL teams for Rs 12,715 Cr. BCCI expects around Rs 500-800 Cr for each WIPL teams.
WIPL Teams Auction: BCCI gets richer by Rs 4669 Cr as MI, RCB & DC bag WIPL teams, Adani & Capri Global enter Indian cricket: Follow LIVE Updates
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