IPL 2022 Team Auction: RPSG Group, Irelia bag Lucknow, Ahmedabad groups

The RP-Sanjiv Goenka Group and worldwide funding agency Irelia Company Pte Ltd received the possession rights of the 2 new Indian Premier League (IPL) franchises on Monday. While the previous bagged the Lucknow crew for Rs 7090 crores, Irelia opted for the Ahmedabad crew for Rs 5166 crores.
The bidding course of for the 2 new IPL franchises started earlier on Monday in Dubai with ten events submitting their bids to personal a crew at one of many six cities — Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore.
Among the high-profile bidders to place their title within the hat, immediately or by means of consortiums, have been the house owners of Premier League membership Manchester United, the Adani Group, Torrent Pharmaceuticals, Hindustan Media Ventures Pvt Ltd, RPSG Group, Capri Global and one Singapore based mostly Irelia Company Pte Limited.
The company that when represented the previous India captain MS Dhoni, Rhiti Sports Management, had additionally bid for one of many two groups.
According to Cricbuzz, all of the events have been requested to submit two envelopes — one for private and monetary credentials and the second for the bid. The Board of Control for Cricket in India (BCCI) had its authorized and audit officers first examine the credentials and solely after they have been discovered to be so as, the second envelopes have been opened.
The BCCI twice had prolonged its ‘Invitation to Tender’ and had prolonged the deadline until October 20, in order that Manchester United may participate within the bidding course of.
The 2022 version won’t be the primary time the IPL will comprise 10 groups because the 2011 version additionally had the identical variety of groups. As per ESPNCricinfo, the match format will comply with the 2011 mannequin, which scrapped the straightforward home-and-away format and included a complete of 74 matches (as a substitute of the present 60).