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BCCI (File Photo| PTI)
BCCI (File Photo| PTI)
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BCCI Silent On CVC Capitals As Their Lawyers Engaged On Finding Right Terms For Agreement

BCCI has been consistently and steadfastly maintaining silence on CVC Capitals after the American company’s acquisition of an Indian Premier League (IPL) franchise. The lawyers of the two parties are engaged in finding suitable and lawful terminology for the agreement to be signed for the Ahmedabad team of the extravagant league.

The protracted delay is only because of the efforts from the legal luminaries to find the right wordings for the fine print of the agreement. The broad consensus is understood to have been reached already. Despite the fact that there is an acknowledgement from all concerned that the issue is taking too much time but it is believed that the delay cannot be avoided.

IPL Trophy. (BCCI/IPL Photo)
IPL Trophy. (BCCI/IPL Photo)

BCCI Hoping To Stick To February Mega Auctions Dates For IPL 2022 But It May Be Extended By 1 Week Or 10 Days

An obvious fallout of this delay is the potential impact on the IPL 15 timeline and the board is believed to be preparing for this, even if it means postponement of the mega auction.  The new teams – Lucknow and Ahmedabad – are expected to be given at least 15 days once the CVC issue is resolved for signing its players and that could have a rub-on effect on other IPL activities.

BCCI is hoping to stick to the February 12-13 auctions dates as of now, but if need be, it may put it off by a week or 10 days. The final auction dates will be announced once the agreement with CVC Capitals is signed which the board officials are saying will be sooner than later.

Like the original eight teams, even the new franchises will have an auction purse of ₹90 crores going into the auction. Out of which they will be able to spend up to ₹33 crores on the player draft. They are allowed to sign three players with a price bracket of ₹15 crores, ₹11 crores, and ₹7 crores respectively.

CVC Capital
CVC Capital: Getty Images.
CVC Capital, an investment firm, is all set to get the green signal from BCCI ahead of IPL 2022. It is notable that the company’s links to online betting and gambling companies became the big hurdle to their participation in IPL. Earlier the firm bought the rights for Ahmedabad based team after a successful bid of Rs 5625 crores while the other new addition- Lucknow based franchise is owned by Sanjiv Goenka group with the price tag of Rs 7090 crores.

BCCI May Utilize Only Mumbai As An IPL 2022 Centre For Covid-19 Cases Rising

Simultaneously, the board is also preparing a Plan B for the league. With the growing number of Covid-19 cases in the country, there may be a possibility that the BCCI will utilise only Mumbai as an IPL centre. At this stage, two options are on the table – 10 centres or just three centres (the Wankhede, CCI and DY Patil Stadium in Mumbai). Going back to UAE has not yet been thought of by the Board officials as yet.

With the country seeing a rapid increase in the number of Omicron cases lately, the BCCI is understandably concerned about the Covid-driven health hazards nationwide in April or May, when the IPL is scheduled.

BCCI Image-Twitter/ BCCI
BCCI Image-Twitter/ BCCI

However, the option of advancing the starting date by week — from April 2 to March 25 – is also being considered, the purpose of it being to have fewer double-headers and day games.

Meanwhile, BCCI extended the deadline for the two new franchises to sign three players before the Mega Auction. Earlier the deadline for the same was December 25. Also, the BCCI officials confirmed that the Mega Auction for IPL 2022 will be held on February 12 and 13 at Bengaluru.

It’s notable that this time IPL will be a 10-team affair. BCCI also asked various boards to submit the list of the players who will go under the hammer. Soon the IPL governing council will have a meeting with the IPL franchises to discuss the plans for IPL 2022.

Gautam Gambhir was appointed as the mentor of the Lucknow franchise for IPL 2022. Andy Flower has been picked as the head coach. According to reports, the franchise has approached Gary Kirsten to be the consultant of the team for the 2022 season. The franchise is also looking to pick KL Rahul or Shreyas Iyer as the skipper of the team.

The Ahmedabad franchise is interested to pick Ravi Shastri as the head coach of the team for IPL 2022. Moreover, Bharat Arun and R Sridhar are reported to join the Ahmedabad franchise as bowling and fielding coaches respectively for IPL 2022 season. Like the Lucknow team, the franchise might also target KL Rahul or Shreyas Iyer for the skipper’s role.

IPL Trophy
IPL Trophy, Image Credits: Twitter
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BCCI Contemplating Franchises Meeting To Unveil Plan B For IPL 2022 If Omicron Cases Rise

BCCI is contemplating calling an owners’ meeting of the Indian Premier League (IPL) franchises sometime next month and one of the key points of the meeting agenda is to unveil Plan B for the next IPL 2022. The 2022 season of IPL will be a ten-team affair after the addition of two new teams – Lucknow and Ahmedabad, who are making their debut in the lucrative league.
With the country seeing a rapid increase in the number of Omicron cases lately, the BCCI is understandably concerned about the Covid-driven health hazards nationwide in April or May, when the IPL is scheduled. The BCCI is likely to discuss all the scenarios with the owners. However, it is learned that the option of going back to UAE, seemingly, is off the drawing board.
IPL Trophy
IPL Trophy. (Photo Source: IPL/BCCI)

BCCI To Call Franchises Meeting To Unveil Plan B For IPL 2022 If Covid-19 Omicron Cases Increase In April-May When IPL Is Scheduled

The original plan for the league — to kick off on April 2 in Chennai — is to hold the games normally on a home-and-away basis if there is no deterioration in the Covid situation in the country. The alternative plans will be activated if the situation warrants it.

In the absence of a solid Plan B, BCCI had to halt the last edition of IPL 2021 midway in May when the country was hit by the second wave of the Covid-19 pandemic. Eventually, it had to move the entire bandwagon to UAE four months later.

“The meeting will be mainly introductory in nature with the BCCI on-boarding the owners of the two new teams – Lucknow and Ahmedabad. They are also exploring the idea of holding the whole tournament just in Mumbai and Pune or in the Gujarat cities of Ahmedabad, Baroda, and Rajkot if the Covid/Omicron situation worsens.”

BCCI (File Photo| PTI)
BCCI (File Photo| PTI)

“The owners will be apprised of the alternatives as well as things to look forward to in the mega auction,” multiple franchise officials, who have spoken to the BCCI over the last couple days, say while confirming that the board is not considering UAE, where most games of the last two seasons were held, as an option.

Tentatively the BCCI is planning to hold the mega auction in the second week of February, probably around the weekend – for two days between February 10-13. Kochi, Bangalore, Hyderabad, and Delhi are on the shortlist and the venue will be finalized based on the availability of hotels. Given the wedding season, finding a suitable venue has not been easy.

BCCI is planning to hold the two-day mega Indian Premier League auction on February 7 and 8 in Bengaluru, a senior BCCI official said. It could well be the last mega auction that BCCI might conduct as most of the original IPL franchises want it to be discontinued.

Vijay Dahiya Appointed As Lucknow’s Assistant Coach Joining Gautam Gambhir And Andy Flower

Meanwhile, one of the most widely discussed points in the BCCI, of late, has been the status of the new Ahmedabad franchise. The immediate response from those who are privy to the developments is that the matter with CVC Sports, the firm which bought the franchise, has been settled.

But a formal communication has not gone to the new teams, Lucknow included, authorizing them to start negotiating with the players. Each team can sign up to three players but they also have the option of not signing anyone and going to the auction with an entire purse of INR. 90 crore.

Vijay Dahiya
Vijay Dahiya (Image: Twitter)

Meanwhile, on Wednesday, the Lucknow franchise announced the appointment of Vijay Dahiya as an assistant coach, which this website recently reported.

“I am delighted and grateful for the opportunity given to me to work with the Lucknow IPL franchise,” Vijay Dahiya, a former India stumper, said.

Vijay Dahiya joins his Delhi colleague Gautam Gambhir (mentor) and former Zimbabwe captain Andy Flower (head coach) in the support staff of the team. The Lucknow team is part of the RPSG Group, owned by Sanjiv Goenka. Lucknow is one of the two new teams that will take part in IPL 2022. Ahmedabad is the other new franchise.

Lucknow franchise won the bid for the new IPL franchise in October last year, after offering a bidding amount of over Rs. 7000 crore to BCCI.

The 48-year-old Vijay Dahiya has represented India in 2 Tests and 19 ODIs as a wicket-keeper batsman. Vijay Dahiya is the current coach of the Uttar Pradesh team. He has earlier worked as assistant coach of Kolkata Knight Riders, the team with two-IPL titles in their kitty. He also served as a talent scout for Delhi Capitals in the past. He was also the head coach of the Delhi Ranji team.

So far, a total of 27 players have been retained by the existing 8 teams in their squad. They consist of 19 domestic players and 8 foreign players.

IPL Trophy. (BCCI/IPL Photo)
IPL Trophy. (BCCI/IPL Photo)
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IPL 2022: Lucknow And Ahmedabad To Sign 3 Players Before Mega Auction

IPL 2022 is set to witness the introduction of two new teams, Lucknow and Ahmedabad, who will now look to sign three players before the auction. The much-awaited list of retained players was unveiled on November 30 (Tuesday) ahead of the mega auction of the IPL 2022. The existing eight teams had to make some tough decisions and leave out some of their key players to abide by the rules in place.

All the released players from the existing eight teams now have a chance to play for Lucknow and Ahmedabad in the IPL 2022. However, the two franchises won’t be able to pick more than three players before IPL 2022 mega auctions. They can only sign a maximum of two Indian players and one foreign player.

IPL Trophy
IPL Trophy (Image Credit: Twitter)

IPL 2022 Will Witness Lucknow And Ahmedabad To Sign 3 Players Before Auctions

The BCCI had set a price slab for the existing eight teams to retain their players. In a similar way, the two new teams featuring in IPL 2022 will have only Rs 33 crore to spend from their 90 crore purse to sign three players. The break up for the same is – Rs 15 crore, Rs 11 crore, and Rs 7 crore for the first, second, and third player respectively.

“If a player is negotiating with a new franchise, he can do it according to the purse allocation. If someone is in line to become the captain of a new team, then obviously he will be joining for Rs 15 crore,” said a CEO of one of the franchises.

Suresh Raina
Suresh Raina (Image Credit: Twitter)

Ahmedabad would be really interested in gaining the services of Hardik and Krunal Pandya, who Mumbai Indians have not retained, so is Ishan Kishan. Suresh Raina, another IPL stalwart, has been released from his franchise, Chennai Super Kings. Shreyas Iyer, who led Delhi Capitals to the 2020 IPL final, has also parted ways with the franchise, who decided to continue with Rishabh Pant as the captain.

KL Rahul To Be Assigned Skipper For Lucknow In IPL 2022: Reports

Reports have already suggested that KL Rahul will be playing for Lucknow next season, with the negotiations starting long back. However, Punjab Kings head coach Anil Kumble confirmed that the opening batter decided to go into the auction and hence the franchise had to release him. Something similar might happen with Rashid Khan, who opted to leave Sunrisers Hyderabad and could end up playing for one of the two new teams.

KL Rahul
KL Rahul (Image Credit: Twitter)

The deadline for the new teams to sign three players is December 25, and then the mega auction is expected to happen. The date for the mega auction isn’t officially announced yet, but it could happen in January 2022.

Many of the big-ticket players, including MS Dhoni, Virat Kohli, Rohit Sharma, Jasprit Bumrah, Andre Russell, Sunil Narine, and Glenn Maxwell, were retained. But the list of players released and going back into the auction pool is a long one.

Likes of Rashid Khan, KL Rahul, Shreyas Iyer, Shikhar Dhawan, Ravichandran Ashwin, Hardik Pandya, Ishan Kishan, Shubman Gill, Yuzvendra Chahal, and Deepak Chahar were released by their respective franchises.

KL Rahul
KL Rahul (Image Credit: Twitter)
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KL Rahul Could Be Made Skipper Of New Lucknow Franchise And Rashid Khan May Be Included But The Duo Can Be Banned For 1 Year

KL Rahul has been in ominous form with the bat, especially in the T20 format. Now, with KL Rahul parting ways with Punjab Kings, as per a report, new franchise Lucknow is set to lap him up. Reports claim Lucknow has offered him Rs 20 Cr. If that happens, he would become the most expensive player in the history of the league.

Even otherwise, KL Rahul at Rs 17 Cr (2018-2021) is still the most expensive player. If Lucknow ropes him in, then he could very well be made the captain of the side. Thus far, KL Rahul has played 94 matches in IPL and has amassed 3273 runs at an average of over 41.

KL Rahul
KL Rahul (Image Credit: Twitter)

KL Rahul Could Be Made Skipper Of New Lucknow Franchise Which Reportedly Has Offered INR 20 Crores Making Him The Most Expensive Player In IPL History

In the 2021 IPL, KL Rahul smashed 626 runs in 13 matches and was the third-highest run-getter in IPL 2021, but unfortunately, failed to inspire the side to a title. KL Rahul has been the best opener in IPL since 2018 and scored 659, 593, 670, and 626 runs in the past four seasons, respectively.

The Lucknow franchise has zeroed in on KL Rahul to be their next captain, and negotiations are learnt to be on with the opening batsman. If it goes ahead, the development will leave seven franchises – including SRH, if they want an Indian to replace Kane Williamson as captain and the new Ahmedabad franchise – looking for a new skipper. The BCCI will come out with its new media-rights tender after the mega-auction gets over.

Rashid Khan
Rashid Khan. Image Credits: Twitter

Some reports also suggest that the new franchise is in talks with Rashid Khan. Lucknow is interested in getting the services of the Afghan star. Rashid Khan is apparently not happy with Hyderabad’s offer. He wants to be the first-choice at the Retention, but the franchise reckons Kane Williamson is the one for that.

The existing eight franchises of the Indian Premier League (IPL) have reached the deadline to submit their respective lists for player retention. The BCCI will make the names of retained players public on Tuesday afternoon and pave the way for the two new teams to start signing players ahead of the mega-auction.

The retention rules are as follows: A franchise can retain a maximum of a) three Indians and one overseas player; b) two Indians and two overseas players.

It has been learnt that RPSG owned Lucknow based new IPL franchise is willing to offer INR 20 Crores salary to KL Rahul to leave PBKS while Rashid Khan will be getting INR 16 Crores for his services in the coming season.

Chennai Super Kings Have Retained MS Dhoni, Ravindra Jadeja, Ruturaj Gaikwad and Moeen Ali, While Mumbai Indians Have Retained Rohit Sharma, Jasprit Bumrah, Ishan Kishan and Kieron Pollard

Bearing these set of rules in mind, IPL 2021 defending champions Chennai Super Kings (CSK) have retained MS Dhoni, Ravindra Jadeja, Ruturaj Gaikwad and Moeen Ali.

Five-time champions Mumbai Indians are holding back captain Rohit Sharma, Jasprit Bumrah, Ishan Kishan and Kieron Pollard. However, it is learnt that MI have, until the last moment, been deliberating over all-rounder Hardik Pandya who played as a specialist batter in the last 2 IPLs but whether the Baroda cricketer will be fit to bowl or not starting next season remains the key.

MS Dhoni (BCCI/IPL)
MS Dhoni (BCCI/IPL)

Here are the details from the remaining franchises:

Delhi Capitals: Rishabh Pant, Prithvi Shaw, Axar Patel, Anrich Nortje. The franchise has decided to let go of former skipper Shreyas Iyer and their leading batsman Shikhar Dhawan.

Kolkata Knight Riders: Sunil Narine, Venkatesh Iyer, Varun Chakravarthy and Andre Russell. Late until Monday evening, there was no confirmation if Shubhman Gill would remain part of the Knight Riders’ plans.

Royal Challengers Bangalore: Virat Kohli, Mohammed Siraj and Glenn Maxwell. The franchise wanted to retain Yuzuvendra Chahal, but it is learnt that both sides couldn’t reach an understanding.

Sunrisers Hyderabad: The beleaguered franchise may just retain New Zealand captain Kane Williamson. Afghanistan leg spinner Rashid Khan is learnt to be negotiating with one of the new franchises.

Punjab Kings: Mayank Agarwal and two uncapped players Ravi Bishnoi and Arshdeep Singh, are what Punjab is looking to retain.

Rajasthan Royals: Sanju Samson, Jos Butler and Yashasvi Jaiswal.

This list of retention is based on sources in the IPL, but final confirmation of the same can only be expected on Tuesday. Once the BCCI ratifies these retentions, the two new franchises – Lucknow and Ahmedabad – will be asked to identify players – a maximum of three Indians and one overseas player or two Indians and two overseas players – by mid-December and the remaining players will go into the mega-auction being planned either towards the end of December or January first week.

Last mega auction

This will be the last mega-auction that the IPL intends to hold and most stakeholders in the league, including the majority of franchises, are in line with the proposal.

“We genuinely hope this is the last mega-auction because the trend has clearly gone past its sell-by date. This, in turn, will also put pressure on franchisees to pick well at this mega-auction because they’ll be building their future teams around these set of players,” said sources privy to developments.

Amidst all the retention process going on with the eight Indian Premier League (IPL) franchises, the Board of Control for Cricket in India (BCCI) could hand-over one year ban to Indian star batsman KL Rahul and Afghanistan spinner Rashid Khan for breaching the IPL code of conduct.

A verbal complaint has been raised by Punjab Kings (PBKS) and Sunrisers Hyderabad (SRH) against Lucknow based new IPL franchise for ‘pursuing & poaching’ Rashid Khan and KL Rahul to leave their respective franchise in the coming season.

BCCI : IPL
BCCI : IPL
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The CVC Capital Partners’ Alleged Connection With Some Betting Companies To Be Investigated By BCCI Before IPL 2022

The CVC Capital Partners, who have bought the Ahmedabad franchise for a sum of INR 5625 Crores in the auctions, are now in the spotlight for their alleged connection with some betting companies. The Board of Control for Cricket in India (BCCI) will now investigate this matter keenly. In fact, the BCCI is even planning to appoint a neutral panel to look into this issue as well.

This esteemed panel is likely to consist of the Supreme Court and High Court judges as well as other legal big names as well. Also, there will be a meeting of the IPL governing council on 4th December 2021 regarding this matter.

The CVC Capital Partners
The CVC Capital Partners

The CVC Capital Partners Website Features Tipico And Sisal Both Betting Companies

Now, the question that arises is that what happens if the BCCI decides not to allow the CVC Capital Partners to own the Ahmedabad franchise. In that case, the Adani Group, the next highest bidder (INR 5100 Crores), will become the owners of the Ahmedabad franchise.

IPL Trophy
IPL Trophy. (Photo Source: IPL/BCCI)

The website of the CVC Capital Partners features Tipico and Sisal, both betting companies. While Tipco is a betting company for online gaming, Sisal is a payments company. And needless to say, betting is banned in India. IPL is already tainted due to the 2013 betting and match-fixing scandal.

The Indian cricket board (BCCI) named RPSG Ventures Limited and Irelia Company Pte Ltd. (CVC Capital Partners) as owners of the new IPL teams from 2022. RPSG Group bagged the Lucknow franchise by paying a whopping Rs 7,090 crore, while CVC Capital made the second-largest bid (Rs 5,600 crore) to win the Ahmedabad franchise.

BCCI had earlier concluded in late October 2021 that CVC Capital was “fit” to own an IPL franchise after lengthy discussions between the board and CVC Capitals. The confusion over CVC Capital’s bid for the Ahmedabad franchise in the Indian Premier League (IPL) seemed to be over, before this latest development.

Lalit Modi Tweeted That BCCI Not Done Its Homework As A Betting Company Bought An IPL Team

The founder and the very first chairman of the IPL, Lalit Modi, had tweeted on the day of the bids being finalized that the BCCI has started allowing betting companies to buy IPL teams. Lalit Modi also added that the BCCI has not done its homework.

Lalit Modi
Lalit Modi. (Photo Source: Twitter)

“I guess betting companies can buy an IPL team. must be a new rule. apparently, one qualified bidder also owns a big betting company. what next… does BCCI not do their homework. what can Anti-corruption do in such a case ?,” tweeted Lalit Modi.

Lalit Modi, the former Indian Premier League (IPL) chairman, made serious allegations against one of the owners of the two new IPL teams that joined the lucrative league, saying that “even betting companies can buy team”.

IPL Trophy
IPL Trophy, Image Credits: Twitter
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BCCI Concludes CVC Capital Fit To Own An IPL 2022 Franchise

BCCI concluded that CVC Capital was “fit” to own an IPL franchise after lengthy discussions between the BCCI and CVC Capitals. The confusion over CVC Capital’s bid for the Ahmedabad franchise in the Indian Premier League (IPL) seems to be over.

The BCCI, on October 25, announced RPSG Group and CVC Capital Partners as the owners of two new IPL franchises. While RPSG Group bagged the Lucknow franchise for INR 7090 crore, CVC picked the Ahmedabad franchise with a winning bid of INR 5625 crore.

CVC Capital
CVC Capital

Lalit Modi Had Pointed Out That Even Betting Companies Can Buy An IPL 2022 Team

However, CVC Capital’s bid ran into trouble after former IPL chairman Lalit Modi lashed out at the Indian cricket board over their decision. He took a dig at the BCCI, tweeting that a “new rule” must be allowing “betting companies” to buy an IPL team.

“I guess betting companies can buy an IPL team. must be a new rule. apparently, one qualified bidder also owns a big betting company. what next? does BCCI not do their homework? what can Anti-corruption do in such a case? #cricket.”

Lalit Modi
Lalit Modi. (Photo Source: Twitter)

Lalit Modi, the former Indian Premier League (IPL) chairman, on Tuesday, made serious allegations against one of the owners of the two new IPL teams that joined the lucrative league on Monday, saying that ‘even betting companies can buy team’.

With this auction, the BCCI is set to get richer by Rs 12690 crores after Kolkata-based business tycoon Sanjiv Goenka’s RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.

BCCI Seemed To Resolve All The Issues Signing A LOI With CVC Capitals

On Wednesday, though, the BCCI seemed to have resolved all the issues with CVC Capital. According to reports, CVC has signed a Letter of Intent (LOI) with the BCCI to own the Ahmedabad franchise. Earlier, apart from Lalit Modi, a report also claimed that CVC Capital was under the scanner for links with betting companies.

“CVC Capital Partners has run into trouble for its links with betting companies. It has been pointed out that CVC Capital have invested heavily in betting and gambling companies. BCCI’s attention has been drawn to CVC Capital’s business activities and it was strange that these were not noticed during the long “verification stage” before the financials were opened on Monday evening.”

While announcing RPSG Group and CVC Capital Partners as the two owners of the new IPL franchises, the BCCI also confirmed that IPL 2022 will be a 10-team tournament.

BCCI Image-Twitter/ BCCI
BCCI Image-Twitter/ BCCI

IPL is already tainted due to the 2013 betting and match-fixing scandal. Chennai Super Kings and Rajasthan Royals were banned for two seasons after some of their top officials were charged by the Supreme Court for corruption. Under the circumstances, to award a new team to a foreign company with massive interests in betting and gambling, could be suicidal for BCCI.

A total of 74 matches will be played in the upcoming edition of the T20 league, wherein each team will play 7 home and 7 away matches. Before IPL 2022, there will be a mega auction, which will see most of the players going back into the bidding war. As per media reports, each franchise will be allowed to retain no more than 3-4 players ahead of the mega auction. The franchises are also expected to be given the option of the Right To Match (RTM) card.
Sourav Ganguly. (Photo Source: Twitter)
Sourav Ganguly. (Photo Source: Twitter)
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Sourav Ganguly To Step Down As ATK Mohun Bagan Director Since The Football Team In ISL Is Owned By RPSG Who Successfully Bid In IPL 2022

Sourav Ganguly faces new questions of conflict of interest as the co-owner of a football team (ATK-MB) and Sanjiv Goenka, whose RPSG Ventures Ltd made a successful bid of Rs 7,090 crore for the Lucknow IPL franchise at the high-stakes auction in Dubai on Monday.

According to Indian Super League (ISL) football club ATK Mohun Bagan’s official website, Sourav Ganguly is a member of its Board of Directors with Sanjiv Goenka as chairman. Sourav Ganguly has initiated the process of standing down from his role at Atletico de Kolkata Mohun Bagan, one of the two most venerable and popular clubs in Indian football, which is part of the Indian Super League.

Sourav Ganguly- Twitter
Sourav Ganguly- Twitter

Sourav Ganguly Decides To Step Down As ATK Mohun Bagan Director

To avoid potential conflict-of-interest controversy, BCCI president Sourav Ganguly has decided to step down as director of ATK Mohun Bagan, the football team owned by RPSG Ventures Ltd. This Indian business conglomerate on Monday bid a record INR 7,090 crore (USD 940 million approximately) to buy the Lucknow IPL franchise.

“The team was owned by Kolkata Games and Sports Pvt. Ltd. consisting of former Indian cricket captain Sourav Ganguly, alongside businessmen Harshavardhan Neotia, Sanjiv Goenka, and Utsav Parekh,” the website states.

A senior BCCI member confirmed that it was “a clear case of conflict “. “Ganguly is the president, he needs to understand. This is not the first time that he has been in this situation,” the member said.

Sanjiv Goenka (File photo| AFP)
Sanjiv Goenka (File photo| AFP)

Sanjiv Goenka and Sourav Ganguly didn’t respond to calls and text messages with queries on the conflict-of-interest issue. In addition to being one of the directors on the Mohun Bagan board, Sourav Ganguly is also a shareholder. Questions are raised over his involvement in the franchise auction process as BCCI president despite his football association with one of the bidders.

In an interview Tuesday, responding to a question on whether his association with Ganguly could raise potential conflict of interest, Sanjiv Goenka said: “Well, I think he (Ganguly) is going to step down from Mohun Bagan completely.” Asked when that would happen, he said: “I think today.” Goenka then said: “That is for Sourav to make the announcement. Sorry, I pre-empted it.”

Sourav Ganguly has been BCCI president since 2019 and has a say in all important decisions taken by the board. In the redrafted BCCI constitution following directions from the Supreme Court, the Justice RM Lodha committee listed several potential associations that came under the conflict of interest purview.

“When the BCCI, a member, the IPL or a franchisee enter into a contractual agreement with entities in which the individual concerned or his/her relative, partner or close associate has an interest. This is to include cases where family members, partners or close associates are in positions that may, or maybe seen to compromise an individual’s participation, performance and discharge of roles,” it states.

This is not the first time Sourav Ganguly has faced questions over conflict of interest.

Sourav Ganguly Had Earlier Faced Questions Over Conflict Of Interest In 2019 Too

Last year, he had put out an Instagram post wearing a JSW Cement (Jindal Steel Works) T-shirt and claiming to be “at work” as the company’s brand ambassador. JSW Sports, a wing of the business conglomerate JSW Group, is the joint owner of IPL’s Delhi Capitals.

Sourav Ganguly insisted that his new role as the brand ambassador of JSW Cement did not overlap with his duties as BCCI president. In 2019, Sourav Ganguly was found to be in positions of conflict for holding more than one post in Indian cricket. He at the time was president of the Cricket Association of Bengal, an advisor with the Delhi Capitals in the IPL, and was also working as a TV commentator.

Sourav Ganguly and Rishabh Pant were together for the Delhi Capitals in IPL 2019 (IANS Photo)
Sourav Ganguly and Rishabh Pant were together for the Delhi Capitals in IPL 2019 (IANS Photo)

Later, a formal complaint was filed by Sanjeev Gupta, a former Madhya Pradesh Cricket Association (MPCA) member, but the matter is yet to be heard. The BCCI, incidentally, hasn’t appointed a new Ombudsman and Ethics Officer after Justice D K Jain’s term ended in June 2021.

Sourav Ganguly. (Photo Source: Twitter)
Sourav Ganguly. (Photo Source: Twitter)
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Sourav Ganguly Unsurprised By High Bidding Numbers For 2 New IPL 2022 Franchises

Sourav Ganguly, the Board of Control for Cricket in India (BCCI) President on Monday, said he was not surprised by the bidding numbers which the various interested parties submitted for the new franchises.

The bids were submitted by the authorized representatives of the interested parties in Dubai. BCCI announced the following successful bidders (subject to definitive documentation and other formalities being completed): RPSG Ventures Ltd. – Lucknow (for INR 7,090 crores) and Irelia Company Pte Ltd (CVC Capital Partners) – Ahmedabad (for INR 5,625 crores).

Sourav Ganguly- Twitter
Sourav Ganguly- Twitter

Sourav Ganguly: BCCI Isn’t Surprised By The Bidding Numbers As IPL Is A Big Brand

This deal means a huge reward for not only the Indian board but also for the development of Indian cricket at the grass-root level as well as per Sourav Ganguly. The BCCI President Sourav Ganguly said this money will be used to prosper Indian cricket, and they were not surprised because of the brand of IPL sparks in the globe.

Sourav Ganguly in a press conference after the announcement while replying to a query said: “We were not surprised actually, this (IPL) is a big brand and we are extremely happy that Indian cricket is moving forward. That is what is important for us. Congratulations to Sanjeev and CVC for being number one and number two but we look at Indian cricket and that’s what our job is. The more Indian cricket prospers, the better it is.”

Sanjiv Goenka (File photo| AFP)
Sanjiv Goenka (File photo| AFP)

“All the money goes back to Indian cricket. That’s what we are here for, we want Indian cricket to go forward and it has gone a long way forward in the last few years. This is the 14th season of IPL and the brand has grown and I think it is a great sign for us,” BCCI President Sourav Ganguly added.

Business tycoon Sanjiv Goenka and international equity investment firm Irelia Company Pte Limited (CVC Capital) shelled out a combined Rs 12,715 crore (approx $1.7 billion) to win the bids for two new IPL teams, a windfall that far exceeded BCCI’s expectations on Monday.

Brijesh Patel: Goenka Group Was Highest Bidders For Both Ahmedabad And Lucknow, And They Preferred to Take Lucknow

The BCCI was hoping for a cumulative bid in the range of Rs 10,000 crore but, to their surprise, earned Rs 7090 crore from Sanjiv Goenka’s RP-SG Group for the Lucknow franchise, while CVC capital forked out Rs 5625 crore for the Ahmedabad team. As a result, the two new sides Lucknow and Ahmedabad, will take part in the 2022 IPL.

IPL Governing Council (GC) chairman Brijesh Patel stated: “We had nine bidders, all of them were qualified. CVC group quoted 5,625 crores for Ahmedabad and 5,116 crores for Lucknow. RP Goenka ventures quoted 7,090 crores for Ahmedabad, For Indore 4,790 and for Lucknow 7,090 crores.”

IPL chairman Brijesh Patel (TOI Photo)
IPL chairman Brijesh Patel (TOI Photo)
“The highest was the Goenka group and they were highest for both Ahmedabad and Lucknow. And they preferred to take Lucknow as their franchise. CVC was second highest and they got Ahmedabad for 5,625 crores,” he informed.

The new franchises will participate in IPL from the 2022 season onwards, subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play seven home and seven away matches.

Sanjiv Goenka, who owned Rising Pune Supergiants for a period of two years- 2016 to 2017, when Chennai Super Kings and Rajasthan Royals were suspended owing to spot-fixing charges, was elated to be back in the IPL. Rising Pune Supergiants lost the 2017 IPL Final to Mumbai Indians by 1 run, which was the team’s last game in the IPL.

This is the first time the BCCI is adding two new franchises to the 8 teams since Pune Warriors India and Kochi Tuskers Kerala had joined the league in 2010 before both franchises were terminated.

Shane Warne
Shane Warne
//

Amount Spent For 2 New IPL Teams Shows Why Cricket Is 2nd Most Popular Sport: Shane Warne

Shane Warne, the former Australia spinner, has said that after seeing the amount spent for two Indian Premier League (IPL) teams, one has to realize why cricket has become the second most popular sport in the world. Shane Warne said the sale of two new Indian Premier League teams only shows the rise in the popularity of cricket across the globe. Shane Warne also congratulated the BCCI after the windfall on Monday.

BCCI announced the following successful bidders for two new teams on Monday (subject to definitive documentation and other formalities being completed): RPSG Ventures Ltd. – Lucknow (for INR 7,090 crores) and Irelia Company Pte Ltd (CVC Capital Partners) – Ahmedabad (for INR 5,625 crores).

Shane Warne - Getty Images
Shane Warne – Getty Images

Shane Warne: Staggering Amounts Of Money For Each Of The 2 Teams Showing Why Cricket Has Become The 2nd Most Popular Big Sport

The new franchises will participate in IPL from the 2022 season onwards, subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches. Wherein each team will play seven home and seven away matches. Shane Warne was left amused after the two new teams of IPL went for a whopping price.

“Wow!Congratulations to both of the new franchise owners. Staggering amounts of money for each team & shows why cricket has become the 2nd most popular & biggest sport on the planet. $932 & $692 million dollars (USA). Well done to @SGanguly99 & everyone at the @BCCI on the @IPL,” tweeted Shane Warne.

IPL Trophy
IPL Trophy. (Photo Source: IPL/BCCI)

Business tycoon Sanjiv Goenka and international equity investment firm Irelia Company Pte Limited (CVC Capital) shelled out a combined Rs 12,715 crore (approx $1.7 billion) to win the bids for two new IPL teams, a windfall that far exceeded BCCI’s expectations on Monday.

The BCCI was hoping for a cumulative bid in the range of Rs 10,000 crore but, to their surprise, earned Rs 7090 crore from Sanjiv Goenka’s RP-SG Group for the Lucknow franchise, while CVC capital forked out Rs 5625 crore for the Ahmedabad team. As a result, the two new sides will take part in the 2022 IPL.

Sourav Ganguly: Heartening To See Inclusion Of 2 New Franchises Which May Bring More Domestic Cricketers From India To Global Stage

Sanjiv Goenka was delighted to be back in the IPL and this time, as a full-time owner and not a temporary one, which was the case when he ran the Pune franchise (Rising Pune Supergiant(s) in IPL 2016 and 2017) during the spot-fixing-related suspension of CSK and Rajasthan Royals. Sourav Ganguly has said that the BCCI is not surprised by the bidding amount for the two new IPL teams, i.e. Lucknow and Ahmedabad.

BCCI President, Sourav Ganguly said: “The BCCI is happy to welcome two new teams from the next season of the Indian Premier League. I would like to congratulate RPSG Ventures Ltd & Irelia Company Pte Ltd for being successful bidders. The IPL will now go to two new cities in India viz in Lucknow and Ahmedabad. It is heartening to see the inclusion of two new teams at such a high valuation, and it reiterates the cricketing and financial strength of our cricket ecosystem.”

Sourav Ganguly. (Photo Source: Twitter)
Sourav Ganguly. (Photo Source: Twitter)

“True to IPL’s motto of Where Talent Meets Opportunity, the inclusion of two new teams will bring more domestic cricketers from our country to the global stage. The ITT process included two interested bidders from outside of India, which strongly emphasizes the global appeal of the IPL as a sports property. The IPL is proving to be a wonderful instrument in globalizing the game of cricket. I am keenly looking forward to IPL 2022,” he added.

The companies that cleared the final round of technical vetting to be eligible to place the bids included RP-SG, the Adani Group, HT Media Private Limited, Torrent Pharma, Aurobindo Pharma, All Cargo, CVC, Kotak group in a consortium, and the Glazers of Manchester United through their equity firm.

IPL Trophy
IPL Trophy, Image Credits: Twitter
//

Sanjiv Goenka Who Bought Lucknow Franchise For INR 7090 Crores Said Team’s Valuation Will Go Up In Future

Sanjiv Goenka, Kolkata city-based billionaire who bought the Lucknow franchise for a whopping Rs 7,090 crore during the IPL bidding in Dubai on Monday, said the team’s valuation “would be a multiple of a few times” over the next 10 years.

The BCCI had a windfall of close to USD 2 billion, with Kolkata-based RPSG Group and international equity investment firm CVC Capital winning the bid for Lucknow and Ahmedabad franchises respectively. The Goenka-owned RPSG Group became the highest bidder, while CVC Capital pipped Adani Group to win the bid for Ahmedabad with a Rs 5600 offer.

Sanjiv Goenka (File photo| AFP)
Sanjiv Goenka (File photo| AFP)

Sanjiv Goenka: Valuations Of Lucknow Franchise Will Go Up In The Future

RPSG Group owner Sanjiv Goenka said he is delighted to have a new IPL team in Lucknow, saying the state of Uttar Pradesh had been waiting to have an IPL team of its own for quite some time.

“We do believe that the valuations of this will go up in the future. And from what we invest, to what it could be over a period of 10 years would be a multiple of a few times,” chairman of RPSG Group Goenka, who is also the principal owner of ATK Mohun Bagan in ISL, said here.

“Frankly it’s something that I’ve been keen on for a while. When the opportunity presented itself we took it. IPL has created some of the biggest brands. Look at Mumbai Indians, Delhi Capitals, Chennai Super Kings and look at some of the others, they are really household names, some of the biggest brands the country has,” Goenka added.

The Atal Bihari Vajpayee Ekana Stadium in Lucknow will host IPL matches. (FILE PHOTO)
The Atal Bihari Vajpayee Ekana Stadium in Lucknow will host IPL matches. (FILE PHOTO)

On claiming the Lucknow franchise, he said: “For us, Uttar Pradesh has been an important state. We distribute power in Greater Noida. We have a number of Spencer stores in the state. So we do believe that will help us to connect with the state, and we look forward to this.”

On Monday, the Board of Control for Cricket in India (BCCI) announced successful bidders for two new franchises of IPL. As a result, the next season will be a 10-team affair with 74 matches as two new teams based out of Lucknow and Ahmedabad were announced.

Sanjiv Goenka Feels Good To Be Back In The IPL After Owing Rising Pune Supergiant(s) For 2 Years- 2016 And 2017

Sanjiv Goenka, who owned Rising Pune Supergiants for a period of two years- 2016 to 2017, when Chennai Super Kings and Rajasthan Royals were suspended owing to spot-fixing charges, was elated to be back in the IPL. However, rising Pune Supergiants lost the 2017 IPL Final to Mumbai Indians by 1 run, which was the team’s last game in the IPL.

“Firstly, it feels good to be back in the IPL. But this is just the first step. Now, it’s really for us to build a good team, and try to put up a good performance. So the work really begins now in terms of actually getting the coach, putting together a team, and getting a sense of discipline and performance into play,” he said.

Rising Pune Supergiants
Rising Pune Supergiants dream gets crushed by one run in IPL 2017- Twitter

Sanjiv Goenka said they’re yet to decide on the side’s name, while the team combination and marquee players would depend on the availability.

“If wishes are horses…We don’t know yet. It would depend on retention policy and who are the available players, then only we can decide on our key players,” he signed off.

This is the first time the BCCI is adding two new franchises to the 8 team IPL event since Rising Pune Supergiant/s and Gujarat Lions took part in the IPL for two years – 2016 and 2017 – when Chennai Super Kings and Rajasthan Royals were suspended due to alledged match-fixing offences.

Expansion of the IPL is not a new experiment. Pune Warriors India and Kochi Tuskers Kerala had joined the league in 2010 before both franchises were terminated. In 2011, there were 10 teams divided into 2 groups, with Pune Warriors India and Kochi Tuskers Kerala, and after the latter’s withdrawal, 9 teams played the IPL in 2012 and 2013.

Sanjiv Goenka will wait for more clarifications from the BCCI when it comes to auction and retention regulations before zeroing in on the plan to buy players for the Lucknow-based franchise. Notably, IPL 2022 will be preceded by a mega auction, and the BCCI is yet to announce the retention rules officially.

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