Today on Tuesday, BCCI will unveli the two new Team for the Indian premier League which will be replace the Chennai super kings and Rajasthan royals for next two year for IPL T20 tournament. Recently Chennai Super Kings and Rajasthan royals both team suspended for the IPL Corruption Scandle. The Two Franchises will be picked through a unique reverse bidding process at the auction Which will be held in New Delhi today on 8th december.
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Indian premier league bid for two new franchise
Which company are interest to buy two teams ?
For bought of Two IPL Franchise team total 21 companies ready and send tender (ITT) document worlh Rs. 2 Lakh. Some of the Companies are showing expressed interest to buy those team are Star India, Vodafone Telecom Company, Chennai Based Cement Major Chettinad, Indian consumer electronics company Videocon, the RPG Group owned by Harsh Goenka, the RP-Sanjiv Goenka Group, media companies NDTV and Set Max, infrastructure and financial company IL&FS, real estate and property developer Wadhwa Group, and Cycle Agarbatti.
“It’s a pure business call. As far as the economics is concerned, BCCI’s central revenue is a substantive amount and far higher than the franchise fee for the original eight franchises, of which six of them are standing. So, it didn’t make sense for us to put a tender out, putting a reverse price and ownership for two years.”
Some of the official tv channels may produce the live telecast of this auction
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