The BCCI is planning to have a closed bidding for the 2 new groups on October 17 and the bids to purchase the perimeters could be made until October 5.

“The Board is planning to have the bidding on seventeenth October and it will likely be a closed bidding,” sources within the know of issues informed PTI on Tuesday.

The BCCI had on August 31 invited bids to personal an IPL franchise with “Invitation to Tender” obtainable for buy until October 5.

“The Governing Council of the IPL invitations bids to accumulate the correct to personal and function 1 (one) of the two (two) new groups proposed to be launched to participate within the Indian Premier League from the IPL 2022 season, by means of a young course of,” the BCCI had mentioned in a press release.

“Any celebration wishing to submit a bid is required to buy the ITT.

“Nonetheless, solely these satisfying the eligibility standards set out within the ITT and topic to the opposite phrases and circumstances set out therein, shall be eligible to bid. It’s clarified that merely buying this ITT doesn’t entitle any particular person to bid,” the cricket physique had mentioned.

Among the many venues the place the groups could possibly be based mostly embrace Ahmedabad, Lucknow and Pune.

The Narendra Modi Stadium in Ahmedabad and Ekana Stadium in Lucknow, with greater capacities, could possibly be the selection for the franchises.

Among the enterprise homes doing the rounds embrace the Adani group, RPG Sanjeev Goenka group, famous pharma firm Torrent and a distinguished banker who has proven lively curiosity in shopping for groups.

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