The Board of Control for Cricket in India (BCCI) wants to complete the sale of two new franchise teams before the IPL resumes in the United Arab Emirates and the board floats tenders in July. There has been some debate going on to take the immensely wealthy IPL from eight teams to ten teams. According to the report, the CEO of the company looking to buy the IPL team confirmed the growth, saying “Tender floats next month. We have been waiting for this for a while.” We wouldn’t be surprised if the original price was 250 million.
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According to a report by Cricbuzz, the recently acquired private firm Redbird Capital Partners has bought a 15 per cent stake in the IPL franchise Rajasthan Royals. According to the report, the transaction amounted to $ 25 to $ 300 million. Another source cited that there is no decline in the cost of new teams due to the epidemic and the latest developments on the Rajasthan Royals are good news for the BCCI.
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The source added, “The key to getting a good price is to let the world know which parties are willing. If such large traders tell potential bidders that they have purchased the tender documents, the price will automatically go up. Media plays an important role in creating this impetus. It is important to see how BCCI sees sales and motivation.
