Adding two new franchise teams in the 2022 season of the Indian Premier League (IPL) could soon add at least Rs 5000 crore to the account of the Board of Control for Cricket in India (BCCI).
PL is currently played between eight teams but from next year 10 teams will play in it. Its bidding process was finalized during the recent meeting of the IPL Governing Council.
BCCI Expected To Earn Big
A BCCI source told PTI on condition of anonymity. “Any company can buy bidding documents by paying Rs 75 crore. Earlier, the base price of the two new teams was being considered at Rs 1700 crore. But now it has been decided to increase the base price to Rs 2000 crore. A source looking after the financial side of IPL said. That if the bidding process goes according to plan, then BCCI will get at least Rs 5000 crore profit as many companies are showing interest in the bidding process.
“BCCI is expecting at least Rs 5000 crore. There will be 74 matches in the IPL next season and it will be a win-win situation for everyone.” Not only this, BCCI is also planning to allow a group of companies to buy the team. This will make the bidding process more interesting.