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IPL gets 2 new teams: Sanjiv Goenka’s RPSG Group gets Lucknow franchise, CVC Capital gets Ahmedabad franchise

Ahmedabad and Lucknow will be the two new teams in the Indian Premier League (IPL) 2022 after Adani Group and Manchester United owners submitted the highest bids in Dubai’s Taj Hotel.

Indian Premier League will be a 10-team tournament from the 2022 season (Courtesy of BCCI)

HIGHLIGHTSRPSG Group picked Lucknow as their home base with a winning bid of Rs 7090 croresCVC Capital Partners have opted for Ahmedabad with a bid of Rs 5166 croresThe BCCI is adding two new teams after six years and will participate in the IPL from 2022

The Board of Control for Cricket in India (BCCI) on Monday unveiled Ahmedabad and Lucknow as the two new teams for the Indian Premier League (IPL) 2022 after CVC Capitals Partners and Sanjiv Goenka’s RPSG Group successfully bid for the franchises in Dubai’s Taj Hotel.

The RPSG Group picked Lucknow as their home base with a winning bid of Rs 7090 crores while CVC Capital Partners have opted for Ahmedabad with a bid of Rs 5166 crores.

The BCCI on September 21 announced that they have decided to extend the purchasing date for the Invitation to Tender (ITT) for the right to own and operate one of two proposed new IPL team documents till October 20 from the original deadline of October 5.

Before 2022, the 2010 edition of the IPL also featured 10 teams, with Pune Warriors India and Kochi Tuskers Kerala joining the tournament before both franchises were terminated. The BCCI is adding two new teams after six years. In 2015, it added two teams – Rising Pune Supergiants and Gujarat Lions – for the 2016 and 2017 editions as replacements for the then suspended Chennai Super Kings and Rajasthan Royals teams.

Notably, Manchester United’s owners were also one of the 10 teams to turn up for the Indian Premier League (IPL) team auction at Taj Dubai. The Adani Group and the RPSG Group, owned by Sanjiv Goenka, were among others who had submitted bids for the IPL teams. It was also learned that Rhiti Sports, promoted by MS Dhoni manager Arun Pandey, submitted a bid for Cuttack, which was later rejected.

The BCCI allowed a consortium of up to three companies/individuals to bid for a franchise. In this scenario, one of India’s richest business tycoons, Sanjiv Goenka and his RPSG Group, was expected to bid for the Ahmedabad franchise and the favorites to own a new franchise.

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