Xtra Time Web Desk: The bidding for two new teams in the next edition Indian Premier League (IPL) will be held on October 17. The bids can be picked till October 5. It was already announced that the next edition of the cash rich league will have 10 teams.
“The bidding is set to take place on October 17 while queries regarding the same can be made till September 21,” a source told news agency ANI.
Last month the Board of Control Of Cricket In India (BCCI) had made the tender available for potential bidders to make bids to “operate and own” one of the two new IPL teams.
“The detailed terms and conditions governing the submission and evaluation of bids including eligibility requirements, process for submissions of bids, proposed new teams’ rights, and obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of non-refundable fee of INR 10,00,000 (Rupees Ten Lakhs Only) plus any applicable Goods and Services Tax. The ITT will be available for purchase till October 5, 2021.” stated a press release from the BCCI.