The Board of Control for Cricket in India (BCCI) on Tuesday introduced the floatation of tenders for the possession and operation of two new Indian Premier League franchises.
“The Governing Council of IPL invites bids through a tender to acquire the right to own and operate 1 (one) of the 2 (two) new teams proposed to participate in the Indian Premier League from the IPL 2022 season. process,” the BCCI mentioned in a press release.
The final date for buy of tender paperwork is October 5.
“Detailed phrases and situations governing the submission and analysis of bids, together with eligibility necessities, process for submission of bids, rights and obligations of the proposed new groups, and so on., are contained within the ‘Invitation for Tender’ (ITT), which will probably be made within the Available on receipt of cost of non-refundable responsibility of INR 10,00,000 (Rupees ten lakh solely), plus any relevant Goods and Services Tax. ITT will probably be obtainable for buy until October 5, 2021,” mentioned BCCI .
“Any interested party who wishes to submit a bid is required to purchase ITT. However, only those fulfilling the eligibility criteria prescribed in ITT and subject to other terms and conditions laid down therein, shall be eligible to bid. It is clarified that mere purchase of this ITT does not entitle any person to bid,” the BCCI additional mentioned.
“BCCI reserves the right to cancel or modify the bidding process at any stage without assigning any reason thereof.”
In a welcome information, the BCCI is planning to permit an affiliation to bid for groups because it makes the bidding course of extra habitable. Locations the place groups might be based mostly embody Ahmedabad, Lucknow and Pune. The Narendra Modi Stadium in Ahmedabad and the Ekana Stadium in Lucknow, with bigger capability, may very well be the selection for the franchise.
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With inputs from TheIndianEXPRESS
