BCCI to auction two new IPL teams through closed bids on October 17: Report

According to reports, the Board of Control for Cricket (BCCI) is planning to conduct auctions for two new IPL The franchises on October 17, just two days after the scheduled conclusion of the IPL 2021 season. October 17 is also the day when the ICC T20 World Cup begins, so there are chances that the bidding could take place in one of the Middle East cities – Dubai or Muscat.

According to Cricbuzz, the BCCI has informed the parties about three key dates – September 21, October 5 and October 17. Clarifications can be sought by September 21, the ITT (Invitation to Tender) document will be available for purchase by October 5 and the auction is likely to be held on October 17. It is also being told that there will be no e-auction and the age-old practice of closed bidding process will be followed.

Sources with knowledge of the developments confirmed to news agency ANI. “The bidding is to take place on October 17, while inquiries can be made till September 21,” the source said.

The IPL Governing Council had invited bids through a tender process on 31 August to acquire the ownership and operation rights of 1 (one) of the 2 (two) new teams proposed to participate in the tournament from the 2022 season.

More to follow…

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