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Sunday, September 19, 2021

BCCI announces release of tender to own and operate IPL team

The Board of Control for Cricket in India (BCCI) on Tuesday announced the release of tender for owning and operating two new Indian Premier League franchises.

By: Sports Desk |
Updated: September 1, 2021 11:32:42 am
Anantnag XI, Ranji player Rubia Syed, Jammu and Kashmir female cricket team, Pune-based Aseem Foundation, 19 Rashtriya Rifles, Women of Kashmir, Kashmir women cricket team, india news, indian express(Representational Image)

The Board of Control for Cricket in India (BCCI) on Tuesday announced the release of tender for owning and operating two new Indian Premier League franchises.

“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.

The deadline for the purchase of tender document is October 5.

“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 said.

“Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid,” said the BCCI further.

“BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason.”

In a welcome news, the BCCI is planning to allow a consortium to bid for teams as it makes the bidding process more vibrant. Among the venues where the teams could be based include Amedabad, Lucknow and Pune. The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with bigger capacities, could be the choice for franchises. This effectively signals that the IPL will be a 10-team tournament from the 2022 season.

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