As the remaining games of the 2021 edition of the Indian Premier League are going to resume in the UAE, the BCCI reportedly wants to finish the sale of two new franchises prior to it. However, the plans for expanding the IPL from eight to ten teams have been there for quite some time now.
However, according to a report in Cricbuzz, a CEO of a firm has shown his interest in purchasing an IPL team and has also confirmed the development. “We understand the tender will be floated next month, we have been waiting for this for quite some time. We will not be surprised if 250 million is the base price,” the CEO was quoted as saying by the website as well.
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Moreover, Redbird Capital Partners, a private firm that has invested in the company that owns Liverpool Football Club and Boston Red Sox baseball team, has acquired a 15 per cent stake in the IPL franchise Rajasthan Royals as well. According to the reports, the transaction amount is between USD 250m to USD 300m.
“The key to getting a good price is telling the world that more parties have interest. If a potential bidder is made known that the biggest business houses have purchased the tender document, the price will automatically shoot up. The media plays a big role in creating the hype. How the BCCI will manage the sale and orchestrate the hype is important,” it said.
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However, the IPL 2021 was earlier suspended in the first week of May after many players and support staffs got affected by the deadly coronavirus despite being in the bio-bubble. And, soon after the board and the IPL Governing Council had to decide to cancel it midway with an immediate effect that too for an indefinite time period. But later on, the board decided to host it in the UAE which will resume in the September-October window.