WIPL Team Auction: 5 women’s teams will be auctioned today, 17 companies in race to buy franchise
IPL is the most popular cricket league in the world. Cricketers from all over the world dream of being a part of it. Now the Indian Cricket Board is organizing the Women’s IPL. For this, the auction of IPL teams will start from Wednesday afternoon. 17 companies are participating in the auction to be held in Mumbai. Out of which 7 companies are associated with the franchise of men’s IPL.
Tenders were floated by the BCCI to buy women’s IPL teams. Tender forms and documents of 30 companies were procured at a cost of Rs.5 crore. However, now 13 of these companies have withdrawn from the race after receiving the tender forms.
600 crore can be bid
BCCI is going to auction 5 teams for Women’s IPL. According to an estimate, a bid of about 500 to 600 crores can be made for each team. In this way, BCCIA can earn Rs 4000 crore with five teams. It is possible that this amount may fluctuate due to the growing popularity and atmosphere of women’s cricket at the world level at present.
The BCCI had already laid down some conditions for filling the tender. In which the main condition is that the company or person desirous of buying the team should have an annual turnover of Rs 1,000 crore. Thus, the BCCI had already set a threshold of financial viability so that high and predictable bids could be made.
Men to take ownership of IPL franchise
Owners of 7 men’s IPL franchises have shown interest in buying women’s teams. While three team owners backed out from participating in the auction. For this, he had earlier obtained the tender form and tenancy agreement. The teams involved in the move include Chennai Super Kings, Gujarat Titans and Lucknow Super Giants.
Mumbai Indians, Royal Challengers Bangalore, Kolkata Knight Riders, Rajasthan Royals, Sunrisers Hyderabad, Punjab Kings and Delhi Capitals have shown interest in buying the team. These franchises have their teams not only in India but now also in cricket leagues globally.