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Everything to know about the WIPL team auction

Market analysts expect that every franchise would be sold in the close-bid auction for between INR 500-600 crore.

The Women’s Indian Premier League (WIPL) franchises are scheduled to be auctioned off on Wednesday, January 25, and the Board of Control for Cricket in India (BCCI) stands to profit greatly from the proceedings.

Some of the greatest business organisations in the nation have expressed interest in purchasing a franchise and are likely to make aggressive offers. More than 30 companies have purchased the tender document that the BCCI released.

For the first three years, the BCCI will sell five teams, and then it will increase to six teams. Market analysts expect that every franchise would be sold in the close-bid auction for between INR 500 – 600 crore, according to a PTI report. With the sale of all five WIPL teams, the BCCI is anticipated to increase its wealth by INR 4,000 crore.

According to sources, more than 30 businesses, including each of the 10 men’s Indian Premier League (IPL) teams, spent INR 5 lakh on the bid documents. Other corporate behemoths with interest in purchasing a team include the Adani Group, Torrent Group, Haldiram’s Prabhuji, Capri Global, Kotak, and Aditya Birla Group.

Additionally, a few of conventional IPL franchises have expressed interest in launching a women’s IPL franchise. The following teams have appeared for bid documents: Mumbai Indians (MI), Rajasthan Royals (RR), Delhi Capitals (DC), Kolkata Knight Riders (KKR), Punjab Kings (PBKS), and Royal Challengers Bangalore (RCB).

The WIPL 2023 is expected to take place between March 4 – 26, although the BCCI has not officially announced the tournament’s start date.

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