The BCCI announced that the 9th edition of the Indian Premier League will start from 9th April. In the 9th season, Rajkot and Pune will be the new teams to replace Chennai Super Kings and Rajasthan Royals for the next 2 years.
The Pune franchise is being bought by Kolkata-based business tycoon Goenka’ company new rising while the Rajkot franchise bid was won by Intex Mobile in the reverse bidding process in which the two teams were chosen.
The Goenka’s franchise will shell 10 Crores per year to BCCI while Intex Mobiles will pay Rs 16 Crore. The BCCI Board secretary Anurag Thakur announced after a meeting IPL governing council the dates finalizing April 9th to May 29th for the 9th edition of the Indian Premier League.
The interim franchises which have been picked today will participate in a draft to retain their share of players on December 15. Pune will get to pick players first because they were lowest bidders.
Players from CSK and RR will be divided into two groups of capped and uncapped players and the top names will be sold through the draft system. The two new teams will have a minimum of 40 Crores and maximum of 66 Crores to buy their players.
The cricketers who remained unselected will go the general pool to available for fresh auction. The IPL auction will be held on February 6.
The other bidders in the fray were Harsh Goenka of RPG properties, Axis Clinical and Chettinad Cement who quoted higher bids than New Rising and Intex Mobiles.
New Rising bided RS minus 11 Crore for Nagpur, Intex bided for Nagpur and Vishakhapatnam but quoted Rs 10 crore for each of two cities, Chettinad quoted for Rs 27 Crore for Pune and Chennai.
The bidding process lasted for one and half hour. All five bidders opted for more than one city from 9 available. RPG bid RS 17.88 for Pune and Rs 20.88 Crore for Rajkot, Intex bided Rs 10 Crore for Kanpur and Vishakhapatnam and the last bidder Axis quoted Rs 15 Crore for both Nagpur and Kanpur and RS 10 Crore for Pune.