BCCI announces tender to appoint & operate two new IPL teams

The Governing Council of the Indian Premiere League (IPL) has announced the release of tender to own and operate two IPL teams from the 2022 season. 

"The detailed terms and conditions governing the submission and evaluation of bids including eligibility requirements, process for submissions of bids, proposed new teams’ rights, and obligations, etc. are contained in the ‘Invitation to Tender’ (“ITT”) which will be made available on receipt of payment of non-refundable fee of INR 10,00,000 (Rupees Ten Lakhs Only) plus any applicable Goods and Services Tax. The ITT will be available for purchase till October 5, 2021", BCCI said in a statement issued by Jay Shah, BCCI Secretary.

"Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid", said BBCI further in the statement.

"BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason."