Reports: October 17 locked in as the auction date for two new IPL teams

The Board of Control for Cricket in India (BCCI) is gearing for the resumption of the 14th edition of the Indian Premier League (IPL) on September 19 and wants to end the tournament without further delays. But it has also planned to expand the league and thoughts for it have been going on for a long time. Earlier, BCCI had given the names of the cities and had invited potential bidders to bid in the auction.

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Now according to Cricbuzz, the tentative date for the bidding of the two new teams is October 17.  The IPL culminates on October 15, and by the looks of it, the auction might take place in the UAE. The BCCI will confirm the date and venue to the potential bidders shortly.

BCCI had also earlier given three key dates to the parties and had given them time till September 21 to make any changes. After that, the Invitation to Tender (IIT) will be available on October 5, and the auction will be conducted.

There won’t be e-auction, and the bidding process will be carried out the traditional way behind closed doors.  With the addition of two new teams, it will be interesting to note what changes the BCCI carries out in terms of the number of league matches. Now, each eight teams play each other two times and have 14 round-robin games.

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Speaking about the auction, BCCI has had a clear stance over it and has given a minimum budget of 2500 crores and a turnover of 3000 crores to the company for the same. Ahmedabad, Lucknow, Indore, Cuttack, Guwahati, and Dharamsala are the six cities that have been finalized as the bidding cities.