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Lucknow, Ahmedabad two new IPL teams inducted

BCCI had already clarified the development that the two new teams are joining the Indian Premier League (IPL), the most popular franchise tournament in the cricket world. But which two parties were speculating about it. Eventually the names of those two teams became known.

Ahmedabad and Lucknow are the two new members of the Indian Premier League (IPL) family as it will now be a ten-team affair from the next season.

The bidding took place at the Taj Hotel in Dubai on Monday and it is the RP-Sanjiv Goenka Group (RPSG) (Lucknow) and CVC Capital Partners (Ahmedabad) who will join the cash-rich league as the new owners.

Speaking to ANI, a BCCI official confirmed this development.

The IPL’s first season was played in 2008, and ever since, the league has grown in stature and it is one of the most viewed competitions in the world.

Chennai Super Kings, Mumbai Indians, Royal Challengers Bangalore, Kolkata Knight Riders, Delhi Capitals, SunRisers Hyderabad, Punjab Kings, and Rajasthan Royals have been with the league since its inception.

The Hyderabad franchise were earlier named Deccan Chargers but later came to be known as Sunrisers Hyderabad after a change in ownership.

There have been 14 seasons of the IPL tournament. The 15th season promises to be like no other and viewership is all set to increase.

In 2010, two new franchises – Pune Warriors India and Kochi Tuskers Kerala – joined the league before the fourth season in 2011 and for a brief period, the league was played by ten teams.

Lucknow, Ahmedabad two new IPL teams inducted

One year later in November 2011, it was announced that Kochi Tuskers Kerala side would be terminated following “breaching” of the BCCI’s terms of conditions. Pune Warriors India had withdrawn from the IPL in 2013 over financial differences with the board.

But the tournament is all set to be a 10-team affair again come 2022.

Kolkata-based business tycoon Sanjiv Goenka’s RPSG Group claimed the Lucknow franchise for a whopping Rs 7090 crore while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer as the eagerly-awaited two new IPL teams were unveiled on Monday.

The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.

PTI had reported on Sunday that Goenka is one of the favourites to win a team after having been in the IPL for two years in 2016 and 2017 when he owned the Rising Pune Supergiants.

“Yes, RPSG had the highest bid of INR 7090 crore while CVC had the second-highest bid at Rs 5600 crore. The BCCI stand to earn around USD 1. 70 billion from the deal,” a senior BCCI source present in Dubai said.

One of the major companies that lost out was Gautam Adani’s Adani Group which bid around Rs 5000 crore while bids of Glazers from Manchester United and Torrent Group also fell short of the mark.

Twenty two companies have picked up tender documents worth Rs 10 lakh but with base price for new teams pegged at Rs 2000 crore, only five to six serious bidders were in fray.

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