May 18, 2024

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Manchester United homeowners could possibly be inquisitive about shopping for new IPL franchise

2 min read

The homeowners of Manchester United Football Club, the Glazer household, have reportedly proven curiosity in one of many two new Indian Premier League (IPL) franchises.
As per a Times of India report, the Invitation to Tender (ITT) paperwork have been picked up by the US-based homeowners of Manchester United from the Board of Control for Cricket in India (BCCI). This could possibly be for the acquisition of the brand new IPL groups to characteristic within the upcoming season of the overtly well-known home cricket match. 
While BCCI does enable international corporations to personal a crew in IPL, they should arrange an organization in India to get their bid by means of. However, it’s nonetheless not recognized if Glazers have picked up the doc to make a proper bid to personal a franchise. 
Explaining the method, these monitoring developments in an announcement to the media stated, “A lot of people usually pick these tender documents to study and gather the information that tends to be otherwise very useful from a larger industry perspective.”
“For instance, buying a bid document will tell me more about what the BCCI is planning next, in terms of the league expansion, etc. For instance, if Disney has bought the tender document to buy the franchise, it doesn’t mean Disney is interested in owning a franchise. It will study the document because it has to plan its own media rights landscape,” the report stated additional. 
Sources within the know whereas talking with ANI hinted at BCCI extending deadlines for the Glazers. Confirming curiosity proven by the Manchester Uniter homeowners, the supply stated, “Well yes, it is true that they have shown interest and that may be one of the reasons why the dateline was extended by BCCI.”
The deadline to buy the ITT doc was set as October 20. 
Interestingly, there are a number of standards for corporations to be eligible for the bid. One of them being, the bidders need to submit a median turnover of Rs. 3000 crore or a web price of Rs. 2500 crore.
Some others to have picked up the ITT doc embrace Adani Group, Torrent Pharma, Aurobindo Pharma, RP-Sanjiv Goenka Group, Hindustan Times Media, Jindal Steel (led by Naveen Jindal), entrepreneur Ronnie Screwvala and three non-public fairness gamers. 
Additionally, Ahmedabad, Lucknow, Guwahati, Cuttack, Indore, and Dharamsala are stated to be the main contenders as new dwelling groups for IPL 2022. 

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