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15 Aug 2021
October 17, 2021 can be the day when the bidding for the new IPL teams take place according to a Cricbuzz report. As the bidding date is likely to be after a couple of days, the IPL 2021 ends, which also marks the beginning of the World T20 2021, the event can be held in Dubai or Muscat.
According to further reports, the Board of Control for cricket in India (BCC) has informed the potential bidders of three dates September 21, October 5 and October 17. The clarifications can be sought by September 21 while the ITT (Invitation To Tender) document will be available for purchase till October 5 and the auctions are likely to take place on October 17 respectively.
Regarding the retention policy, BCCI is likely to allow 2 retention and 2 RTM for teams ahead of the mega auction, which will be confirmed by November. The mega auctions are likely to take place in January 2022.
The number of league matches can be 74 or 94 depending upon the schedule available. Each team will get to play either 14 or 18 matches with a minimum of seven home and as many away fixtures.
The board will have the option of holding 18 games open in the agreement but will stick for 14 matches.
The BCCI has also cleared the air regarding the financial requirements. Each bidder should have a net worth of Rs 2500 while the company should have a turnover of Rs 3000 crores.
The board can allow only three partners in the case of a consortium and one of them will have to fulfil the mentioned criteria. The base price is Rs 2000 Crore.