IPL 2021 Auction: New teams worth Rs 1500 Cr, say reports

Giants among the cricket governing bodies, the Board of Control for Cricket in India (BCCI) has agreed upon the base price for the two new Indian Premier League (IPL) franchises and have also suggested that India remains the prime choice for hosting the cash-rich league, as per multiple reports. While there has been no official comment from the apex cricket governing body in India, reportedly the IPL governing council met on Monday, January 4.

After deciding to add two new franchises to the T20 league at the 89th AGM, the BCCI has now hinted at the base price, as per Inside Sport. “Nothing has been officially discussed about the base price as yet. But during BCCI AGM we discussed the matter informally. Ownership of the IPL team is now a very prized asset and we feel the base price for the new IPL team will be nothing less than 1500 Cr or probably more,” the BCCI official told InsideSport.

While it still remains to be seen whether India will be fit to host the extravagant event, Mumbai Mirror quoted a BCCI member, “How we approach the next IPL is dependent on how the Mushtaq Ali plays out.”

InsideSport quoted a BCCI official, “Full auction will not be possible this time because of time constraints and other issues. Rather we will conduct mini-auctions where franchises can bid for a few new players. The dates of the auctions and other things are still to be decided.”

It is believed that the mini-auction for IPL 2021 will be conducted sometime in February. The Syed Mushtaq Ali T20 tournament will get underway from January 10 – across six venues in India – Mumbai, Kolkata, Bangalore, Baroda, Indore, and Chennai. The knockout games will be played in Ahmedabad.