IPL 2023 auction set to take place on December 23 in Kochi

Cricket fans all around the globe, mark your calendars as the mini-auction for next year's IPL is set to take place on December 23 in Kochi. The news comes a day after newly-appointed Indian Premier League (IPL) chairman Arun Dhumal revealed his wish to make the league the leading domestic competition in the world.

The ten participating teams have already begun preparing their squads for next year's edition, with the deadline to retain and release the players from their respective IPL Squads fast approaching. Each team has been granted an extra sum of Rs 5 crore (INR 50 million), increasing the pursue value to Rs 95 crore (INR 950 million) for the 2023 mini-auction.

It is worth noting that Punjab Kings will head into the auctions with the largest leftover sum from last year's mega auction- INR 3.45 crore (approx. US $425,000). They are followed by the four-time champions Chennai Super Kings in the second place with INR 2.95 crore (approx. US $358,000) and Royal Challengers Bangalore with 1.55 crore (approx. US $188,000) left in their kitty.

Earlier, two-time IPL winners Kolkata Knight Riders announced the appointment of Ryan ten Doeschate as fielding coach for the upcoming edition of the IPL, while the former fielding coach James Foster has been elevated to the post of assistant coach for the upcoming season.