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IPL 2022 mega auctions to take place on February 12 & 13 in Bengaluru

The mega auctions of the Indian Premier League (IPL) will be held in Bengaluru on February 12 and 13, confirmed IPL chairman Brijesh Patel. The venues of the cash-rich league are yet to be decided. 

The IPL 2022 will see two new teams from Ahmedabad and Lucknow. The Letter of Intent to the two franchises has also been approved by the Governing Council. 

"The GC has approved the CVC acquisition of the Ahmedabad team and we will issue the LoI today (January 11)," Patel further said.

The RPSG group got the rights for the Lucknow franchise after a whopping Rs 7,090 crore bid. On the other hand, CVC Capital made a successful bid with Rs 5,625 crore for the Ahmedabad franchise  

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