Rhiti Sports Management has proposed one of the two new IPL teams, the names of which will be announced on Monday evening. Rhiti Sports Management, which previously represented former India captain Mahendra Singh Dhoni, has proposed one of the two new IPL franchises, the names of which will be announced on Monday evening. It is understood that approximately ten bids are in the final race to be a part of the Indian Premier League.
According to sources, sports marketing, and management firm Rhiti Sports, which represented former India captain Mahendra Singh Dhoni, has entered the bidding war for one of the two new IPL franchises. The bids for two additional IPL teams, Ahmedabad and Lucknow, were opened today in Dubai.
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Two of them will be part of the 10-team IPL, which will also include a super auction, next year. While the initial eight franchises would be able to keep a few players, the remaining cricketers will be available in an auction pool. The board has shortlisted four venues: Ahmedabad, Indore, Lucknow, Cuttack, and Guwahati, with two new teams expected to earn more than Rs 5,000 crores. For its two new IPL teams, the BCCI has maintained the base price of Rs 2000 crores.
According to the Indian board’s press release, the Invitation To Tender (IIT) will be made available to interested parties upon payment of a non-refundable charge of Rs 10,00,000 (Rupees Ten Lac around) additionally any applicable Goods and Services Tax.
With the addition of two more IPL clubs in 2022, the IPL will become a 10-team league. Before this, the IPL added Pune Warriors India and Kochi Tuskers Kerala for the 2011 season. Kochi Tuskers Kerala was a one-season league that began in 2011 and ended the following year. Pune Warriors India, on the other hand, withdrew from the IPL in May 2013.
