Base price for 2 new teams in IPL 2022 kept at Rs 2,000 crore

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The Indian Premier League (IPL), which is currently an eight-team tournament, will become a 10-team affair from the next edition and the base price for the additional teams reportedly fixed to Rs 2,000 crore. The Board of Control for Cricket in India (BCCI) last year had declared that two new team will be added to the league in 2022. Follow us for more IPL 2021 highlights.

“Any company can buy the bid document paying Rs 10 lakh. Earlier top brass was thinking about keeping the base price for two new teams at Rs 1700 crore but later it was decided to keep the base price at Rs 2000 crore,” a senior BCCI source told a news agency on the condition of anonymity. The source added that the BCCI is expected to gain at least ₹5000 crore if the bids go as per plan.

“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.” It is learnt that only companies with an annual turnover of ₹3000 crore will be allowed to bid for the teams. It is also worth noting that when initially the first 8 teams were sold in IPL in 2008, the base price was USD 50Mn (Dollar was capped at Rs 35).

Meanwhile, the IPL 2021 UAE leg starts on September 19 with Chennai Super Kings taking on the Mumbai Indians in the first match. KKR and RCB play the next game. At the time the IPL was suspended in May, there were still 31 matches, including the four playoffs, left to be played. In all, 13 matches will be held in Dubai, 10 in Sharjah, and 8 in Abu Dhabi.

According to earlier reports, up to 30 percent fans could be allowed in the three stadiums – Sharjah, Dubai and Abu Dhabi – for the IPL Season 14 Phase-2. Before the postponement, Delhi Capitals cemented the top spot of the table with 6 wins from 8 games. They are followed by Chennai Super Kings with 5 wins from 2 games, RCB with 5 wins from 2 games.

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