IPL groups public sale: Staggering amount of cash for brand new groups reveals cricket is 2nd hottest sport – Shane Warne

IPL 2022: Former Australia spinner Shane Warne stated the sale of two new Indian Premier League groups solely reveals the rise in recognition of cricket throughout the globe. He additionally congratulated the BCCI after the windfall on Monday. IPL 2022 could have 10 groups and 74 matches (Courtesy of BCCI)HIGHLIGHTSTwo new IPL groups have been introduced after bidding course of on MondayThe Lucknow group was offered for Rs 7090 crore, Ahmedabad for Rs 5625 croreIPL 2022 could have 74 matches and every group will play 14 matchesLegendary Australia spinner Shane Warne congratulated the Board of Control for Cricket in India (BCCI) and its president Sourav Ganguly after two new Indian Premier League groups fetched huge cash for the board in Monday’s public sale in Dubai.

On Monday, the BCCI introduced the profitable bidders for the brand new IPL groups who be a part of the league in 2022 and make it a 10-team affair as soon as once more.Sanjiv Goenka-helmed RPSG Group got here up with a successful bid of a whopping INR 7090 crore and picked Lucknow as its house base. CVC Capital, former homeowners of Formula One, got here up with the second-highest bid of INR 5625 crore and opted for Ahmedabad throughout Monday’s bidding in Dubai. RPSG Group additionally owned the Rising Pune Supergiant franchise between 2016 and 2017.BCCI president Sourav Ganguly stated on Monday that he was in no way stunned by the amount of cash that the 2 groups have been offered for nevertheless it helped elevate fairly just a few eyebrows. The former India captain stated that the sale of the 2 groups solely reiterates the power of Indian cricket.”Wow ! Congratulations to both of the new franchise owners. Staggering amounts of money for each team & shows why cricket has become the 2nd most popular & biggest sport on the planet. $932 & $692 million dollars (USA). Well done to @SGanguly99 & everyone at the @BCCI on the @IPL,” Warne stated.Wow ! Congratulations to each of the brand new franchise homeowners. Staggering quantities of cash for every group & reveals why cricket has turn out to be the 2nd hottest & greatest sport on the planet. $932 & $692 million {dollars} (USA). Well completed to @SGanguly99 & everybody on the @BCCI on the @IPL https://t.co/pFkhKqv9ln— Shane Warne (@ShaneWarne) October 25, 2021
The BCCI additionally introduced on Monday that there will likely be 74 matches in IPL 2021 and every group will play 7 house video games and as many away video games.Speaking to India Today after efficiently bidding for the Lucknow franchise, RPSG proprietor Sanjiv Goenka stated he had sat down together with his group and calculated the bid earlier than making ready to investing in extra of Rs 7000 crore on the Lucknow group.”You invest a few crores for passion. Secondly, what I have to pay to the BCCI eventually is the difference between what I get from the BCCI by way of broadcast rights etcetera and what I have to pay to them by way of license fees,” Goenka informed India Today.”The next difference, based on our calculations, is close to half of Rs 7,000 crore over the period of 10 years. I mean outgo in terms of equity to the new venture will be half of this amount. And at that level, over 10 years, it’s a very good buy.”Click right here for IndiaToday.in’s full protection of the coronavirus pandemic.