IPL auction: Teams can retain 4 players, new franchises can pick three from rest of pool
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According to a report, two Indian and two overseas or three Indian and one overseas cricketer can be retained by the existing IPL teams. Moreover, there will no right-to-match cards (RTM) at the auction. The three Indians players can be either capped or uncapped or a mix both. The purse for the next IPL auction is likely to be Rs 90 crore.
The BCCI on Monday announced the following successful bidders (subject to definitive documentation and other formalities being completed): RPSG Ventures Ltd. - Lucknow (for INR 7,090 crore) and Irelia Company Pte Ltd (CVC Capital Partners) - Ahmedabad (for INR 5,625 crore.
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The new franchises will participate in IPL from the 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document.
The IPL 2022 season will comprise 10 teams and will have 74 matches, wherein each team will play seven home and seven away matches.
-PTC News
