T he Indian Premier League, until last season, had 8 groups vieing for the prize, nonetheless, beginning next season, two new groups will contend in the IPL.
The Indian Premier League, until last season, had 8 groups seeking the subtle prize, notwithstanding, beginning next season, two new groups will go after the IPL title. What's more, the two new groups that will be partaking in the IPL from now onwards will be a group from Ahemdabad possessed by CVC Capital and a group from Lucknow claimed by RP-Sanjiv Goenka Group.
CVC Captial bid Rs 5600 crore for the Ahemdabad group and the RP-Sanjiv Goenka Group bid 7,090 crore for the Lucknow group, with any semblance of the Adani Group, the Glazers and Jindal Steel passing up the possibility as they were outbid for the groups.
There were a sum of six urban areas that should have been the likely home for two groups however toward its finish, we have considered Lucknow to be Ahemdabad as the new home areas for the IPL groups. CVC Capital, the proprietor of the new Ahemdabad group, is a private value and venture warning firm and has interests in Formula 1, the Spanish La Liga, and surprisingly some rugby crews.
Concerning the RP-Sanjiv Goenka Group
With respect to the RP-Sanjiv Goenka Group, they are an Indian modern and administrations combination helmed by Sanjiv Goenka, who is the gathering's Chairman. They likewise own the Indian Super League club ATK Mohun Bagan Football Club where they obtained a greater part stake in 2020.
The RPSG bunch is said to have a $6 billion resource base and $4 billion in income. The gathering possesses different organizations including organizations that are associated with force and energy, carbon dark assembling, retail, IT-empowered administrations, media and diversion, and two wearing groups. The other brandishing group in which they at present own a greater part stake separated from the football crew ATK Mohan Bagan, is and Ultimate Table Tennis crew RPSG Mavericks Kolkata.
They also own CESC Limited and Philips Carbon Black Limited, CEAT Tyres, and Noida Power Company Limited (NPCL). CESC generates and distributes electricity in Kolkata and Howrah, West Bengal. NPCL is a joint venture with Greater Noida Industrial Development Authority and they distribute electricity in the Greater Noida region.
How the bidding process worked
According to PTI, BCCI had about 22 groups bid for the IPL 2022 new teams to go from INR 7000 crore to INR 10,000 crore each once the bidding process for the new IPL teams begins on Monday. As per the report, 22 companies have picked up tender documents worth INR 10 lakh but with the base price for two IPL 2022 new teams being around INR 2000 crore, the board is expecting only five to six serious bidders for new IPL teams. The report further states that it is unclear whether the BCCI will announce the name of the successful bidders on Monday itself after doing the technical evaluation.
Comments
Post a Comment