Cuttack Loses; Lucknow & Ahmedabad Two New Teams For IPL

Cricket fans from Odisha will be disappointed to know that Cuttack could not able to make it to the list of Indian Premier League (IPL) teams/venues. As per the officials, the two new teams for the IPL are Lucknow and Ahmedabad, as announced by the BCCI on October 25.

According to the reports, Ahmedabad, Lucknow, Indore, Cuttack and Guwahati were in the fracas as new venues. The Odisha Cricket Association was hopeful for Cuttack, with steel major JSPL also showed interest in the bidding process

The Sanjiv Goenka-led RPSG group has won the bid for Lucknow at approximately Rs 7,000 crore, private equity firm CVC Capitals (Irelia) won Ahmedabad at approximately Rs 5,200 crore. BCCI officially welcomed RPSG Ventures Ltd and Irelia Company Pte Ltd. (CVC Capital Partners) in the IPL family.

After the announcement ‘ BCCI President Sourav Ganguly said ‘It is heartening to see the inclusion of two new teams at such a high valuation, and it reiterates the cricketing and financial strength of our cricket ecosystem. True to IPL’s motto of ‘Where Talent Meets Opportunity, the inclusion of two new teams will bring more domestic cricketers from our country to the global stage.”

The report further added that 22 parties had picked up the IPL teams’ tender document worth Rs 10 lakh but only ten parties had placed their bids. The base price for the new teams was set at Rs 2,000 crore.

Pic Courtesy – Google

 

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