IPL 2022: Lucknow and Ahmedabad to home new IPL franchises as Goenka group and CVC Capital win bids

IPL 2022: Lucknow and Ahmedabad to home new IPL franchises as Goenka group and CVC Capital win bids

IPL 2021

The 14th edition of the Indian Premier League (IPL) will see 10 teams fight it out for the prestigious trophy. Following the enormous success of the league and abundance of Indian talent, BCCI has decided to make IPL 2022 a 10 team affair. Reports suggest that bidding for the new teams is over and the governing body has named the two new teams for the upcoming season.

Lucknow and Ahmedabad will be the home of the two new franchises for the upcoming season. The Goenka group had the highest bid at 7000 crores while CVC capitals emerged victorious with a 5000 crore bid. In total, there were 22 companies that picked up the tender document worth Rs 10 lakh.

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BCCI will earn a whopping 12690 crore INR, USD 2 Billion, after adding two new teams to IPL 2022. Earlier, top businessmen went head to head in an intense bidding session, Adani and Manchester United owners, Glazer brothers were in contention for an IPL team. But later, an insane bid from Goneka Group (INR 7090 crore) changed everything.

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CVC Capital, who bought LA Liga, F1, and Rugby team, will now have an IPL team too as they made the second highest bid of INR 5600 Crore.

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10 parties bid for new teams in IPL 2022

IPL 2022
IPL trophy

Adani Group, RP-Sanjiv Goenka Group, Hindustan Times Media, Manchester United owners, the Glazer family and Aurobindo were among the top bidders. Rhiti Sports company which used to manage MS Dhoni and Amrit Leela Enterprises were the surprise entrants. Rhiti Sports was later disqualified.

It was back in 2011 when the IPL witnessed a 10 team format for the first time. The Pune Warriors and Kochi Tuskers were the two sides that were added for the third edition of the cash-rich league. It has been confirmed that IPL 2022 will follow the 2011 model, which scrapped the simple home-and-away format and included a total of 74 matches.

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