BCCI to benefit from the addition of new franchises in IPL

The Board of Control for Cricket in India (BCCI) is expecting at least Rs 5000 crores from the addition of two new franchises in IPL from next season. 

The Indian Premier League which previously had eight teams will be adding two more from next season and will have 10 teams in the 14th edition of the tournament. 

A senior BCCI official said, “Any company can buy the bid document paying Rs 75 crore. Earlier top brass was thinking about keeping the base price for two new teams at Rs 1700 crore but later it was decided to keep the base price at Rs 2000 crore.” 

As per the BCCI official, if the bidding goes as planned, the Indian cricket board will be looking at profits up to Rs 5000 crore as many large businesses are looking to take part in the bidding. 

The BCCI official also said “The BCCI is expecting anything in the range of 5000 crores if not more. There will be 74 IPL games next season and it’s a win-win situation for everyone.” 

It is also speculated that only companies with annual turnovers of Rs 3000 crores are allowed to bid for the franchises. The BCCI will also be allowing the merger of two organizations in the bidding process which will make the bidding easier. 

The BCCI official also said, “I think more than three business entities won’t be allowed to form a consortium but if three business come together and wants to jointly bid for a team, they are welcome to do so.”