Reports: BCCI expects INR 5000 crore windfall with addition of two new teams in IPL 2022

Reports: BCCI expects INR 5000 crore windfall with addition of two new teams in IPL 2022

Two new teams will be added in IPL 2022.

IPL Auction 2021
IPL Trophy (Photo Source: IPL/BCCI)

While the 2021 edition of the Indian Premier League (IPL) isn’t done and dusted yet, the Board of Control for Cricket in India (BCCI) have an eye on the 2022 season. After all, two new teams are set to come into the picture, making the Indian league a 10-team tournament. Notably, eight sides have been featuring in IPL since the 2014 edition and it would be interesting to see how the expansion changes the dynamics.

While the two new franchises haven’t been finalized yet, many prominent business tycoons and organizations are in line to become the owners. This means BCCI set to become richer. It has been reported that the Indian cricket board will be profited by at least INR 5000 crore with the addition of the new sides. The base price has been kept INR 2000 crore for both teams.

BCCI set to get richer

“Any company can buy the bid document paying ₹75 crore. Earlier top brass was thinking about keeping the base price for two new teams at ₹1700 crore but later it was decided to keep the base price at ₹2000 crore,” Hindustan Times quoted a senior BCCI source as per saying.

“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,” the source added.

It is also learnt that only firms with an annual turnover of INR 3000 crore will be allowed to stand in the team actions. In order to make the bidding process more smooth, BCCI is planning to allow a consortium to bid for teams. “I think more than three business entities won’t be allowed to form a consortium but if three business come together and wants to jointly bid for a team, they are welcome to do so,” the source said.

Notably, Ahmedabad, Lucknow, and Pune are the front runners to become the base of new franchises. While two Pune-based sides (Pune Warriors India and Rising Pune Supergiant) have featured in IPL before, the massive stadiums in Ahmedabad and Lucknow give them an advantage. The Adani group, RPG Sanjeev Goenka group, and a noted pharma company are some of the parties who have shown interest in the new teams.