As Indian Premier League (IPL) 2022 will expand with two new teams, the Board of Control for Cricket in India (BCCI) has turned its attention to potential cities. Since the traditional cricket center has become the host of the franchise, BCCI’s goal is to bring IPL to two new cities in the Hindi-speaking region to maintain a pan-Indian balance.
BCCI has shortlisted six new cities, which will host two new franchises for IPL 2022. Notably, the board of directors has already put out to tender two new teams.
Which are these six probable new cities?
According to the information provided by InsideSport, the new cities are Guwahati, Ranchi, Katak, Ahmedabad, Lucknow and Dharamsala. According to information provided by Insidesport, Ahmedabad is the strongest candidate, while Guwahati and Lucknow are competitors for the other team. The auction process will end next month, and BCCI will set a base price of Rs 2000 Crore for the two new teams.
65% of total audience comes from the Northern Indian region
In addition to Delhi and Punjab, the main reason the BCCI is interested in acquiring franchise rights from the north is the popularity of cricket. According to data from the official broadcaster Star Sports, 65% of the total audience of 4 billion minutes comes from the Hindi-speaking region. Even in the ongoing India vs. England test series, 50.7% of the spectators are from the same region.
As for the southern region, Royal Challenger Bangalore, Chennai Super King and Sunrise Hyderabad are three franchises. A potential city may be Kochi, but with the Kochi Tuskers franchise lawsuit pending, BCCI hopes to look north and east.
No less than 5000 crore for two new franchises; says BCCI
BCCI is expecting no less than Rs 5,000 crore for the two new upcoming franchises. “The BCCI is expecting anything in the range of 5000 crore if not more. There will be 74 IPL games next season and it’s a win-win situation for everyone.
IPL teams are a great investment and have given the initial investors great returns. We don’t think the base price of 2,000 Cr is too much and we expect to get 3000-3500 Cr per team”, declared top BCCI official to InsideSport.co.
BCCI’s deadline of October 5
The Board of Control for Cricket Cricket in India (BCCI) has announced the tender for two new IPL teams, to be selected at the 2022 IPL. In the interest of all parties, including Adani Group and RP Sanjiv Goenka Group, BCCI set the 5 of October as the deadline for the submission of bidding documents.
“The Governing Council of the IPL invites bids to acquire the right to own and operate 1 (one) of the 2 (two) new teams proposed to be introduced to take part in the Indian Premier League from the IPL 2022 season, through a tender process,” the BCCI said in a statement.
Expected revenue of Rs. 5000 Crore
According to the information provided by InsideSport, BCCI predicts that the revenue of the two new IPL teams in 2022 will not be less than Rs 5,000 crore. Although the release of BCCI did not specify the basic price, it is known that the basic price has been set at 2,000 crore rupees.
For the time being, the interested parties will have to purchase bid documents at a non-refundable fee of Rs 10 lakh.
“The detailed terms and conditions governing the submission and evaluation of bids including eligibility requirements, process for submissions of bids, proposed new teams’ rights, and obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of non-refundable fee of INR 10,00,000 (Rupees Ten Lakhs Only) plus any applicable Goods and Services Tax. The ITT will be available for purchase till October 5, 2021,” the BCCI statement read.