It’s nonetheless not clear whether or not the BCCI will announce the profitable bidders on Monday itself after doing the technical analysis of the bids.
There are 22 corporations which have picked up tender doc price Rs 10 lakh however with base worth for brand new groups pegged at INR 2000 crore, there may be anticipated to be solely 5 to 6 critical bidders in fray.
The BCCI can be permitting a consortium of as much as three corporations/people to bid for a franchise.
Nonetheless, in case of a person or firm, that individual entity’s annual turnover needs to be minimal INR 3000 crore and in case of consortium, every of the three entities ought to have an annual turnover of INR 2500 crore.
On this situation, one in every of India’s richest enterprise tycoon Gautam Adani and his Adani Group are anticipated to bid for the Ahmedabad franchise. Adani Group, in the event that they lastly put up a bid, are the favourites to personal a brand new franchise.
Equally, RPSG group which is headlined by billionaire Sanjiv Goenka are additionally thought-about to be critical bidders for a brand new franchise. Whether or not RPSG would have any particular person or different firm as part of consortium remains to be not recognized.
“Gautam Adani and Sanjiv Goenka are the most important names within the Indian business. They are going to be critical bidders. Anticipate a minimal bid of INR 3500 crore from the potential bidders. Do not forget that IPL broadcast rights is projected round USD 5 billion (Rs 36,000 Crore).
“So the economics will work accordingly as franchises get the TV income share equally,” a BCCI insider monitoring the developments instructed PTI on situations of anonymity.
For the document, Goenka owned the Pune Franchise Rising Pune Supergiants (RPS) for 2 years and can be the proprietor of ISL franchise ATK Mohun Bagan.
There was buzz that Lancer group, which is owned by Manchester United proprietor Avram Glazer, has additionally picked up the bid doc.
The opposite notable corporations that are in fray comprise Kotak group, pharmaceutical majors Aurobindo Pharma and Torrent group.
The 2 cities which might be favourites when it comes to stadium capability are Narendra Modi Stadium in Motera with greater than 100,000 capability whereas the opposite is Ekana Stadium in Lucknow with 70,000 capability.
The opposite cities within the hunt are Indore, Guwahati, Cuttack, Dharamsala and Pune.
Former India cricketer might be a part of one of many consortium
A former India opener might be a part of one of many consortiums which is predicted to be critical bidders for the brand new franchises.
“Sure, a former India opener is able to shell out round INR 300 crore and purchase a minority stake if the consortium he’s a part of is ready to efficiently bid for a brand new group. He comes from a enterprise household and he does wish to put money into a cricket group.
“He’s a distinguished participant in his personal proper and likewise understands how the franchisee universe works,” the BCCI supply stated.
What number of groups are up for bidding?
BCCI could have two new groups as IPL will probably be 10-team league from 2022.
What’s the bid worth of tender doc?
The bid worth of tender doc is Rs 10 crore.
That are the cities in fray?
Ahmedabad, Lucknow (two favourites), Indore, Guwahati, Pune, Dharamsala, Cuttack.
What’s the Base Value set by BCCI?
The bottom worth per group Is Rs 2000 Cr. This implies no potential purchaser can bid lower than that. That is the minimal quantity from the place bidding begins.
Which type of corporations can bid for a franchise?
Any firm (even abroad) which has its operations in India and is enlisted can bid for a group. Nonetheless, the annual turnover must be minimal Rs 3000 Crore.
Is Consortium (a joint bid from a number of corporations) allowed?
Sure, consortium of three corporations/entities is allowed. Nonetheless every should have a web price of Rs 2500 crore yearly.
What number of corporations have picked up the bids?
22 corporations have picked bids.
Main names who’ve picked up the bid doc?
Adani Group, RP Sanjiv Goenka, Kotak, Torrent Pharma, Aurobindo Pharma, Lancer Capital (Avram Glazer proprietor of Man United), Naveen Jindal.
Will Bollywood couple Deepika Padukone and Ranveer Singh be a part of a consortium?
There isn’t any such affirmation as of now however they could possibly be a minority stake holder or model ambassadors of a brand new franchise.