The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad SportsGujarat

Aurobindo, Adani, Goenka and BCCI expected to bid for around Rs 7-10k Cr

by TLA October 25, 2021October 25, 2021
written by TLA October 25, 2021October 25, 2021
Aurobindo, Adani, Goenka and BCCI expected to bid for around Rs 7-10k Cr

Ahmedabad: On Monday, the Board of Control for Cricket in India (BCCI) will begin the bidding process for the two new IPL franchises and expect that each franchise will cost between Rs 7000 crore and Rs 10,000 crore.
It is still not clear whether the BCCI will announce the successful bidders on Monday itself after doing the technical evaluation of the bids.
There are 22 companies which have picked up tender documents worth Rs 10 lakh but with base price for new teams pegged at INR 2000 crore, there is expected to be only five to six serious bidders in the fray.
The BCCI is also allowing a consortium of up to three companies or individuals to bid for a franchise.
However, in case of an individual or company, that particular entity’s annual turnover should be minimum INR 3000 crore and in case of consortium, each of the three entities should have an annual turnover of INR 2500 crore.
In this scenario, one of India’s richest business tycoon Gautam Adani and his Adani Group are expected to bid for the Ahmedabad franchise. Adani Group, if they finally put up a bid, are the favourites to own a new franchise.
Similarly, RPSG group which is headlined by billionaire Sanjiv Goenka are also considered to be serious bidders for a new franchise. Whether RPSG would have any individual or other company as a part of consortium is still not known.
“Gautam Adani and Sanjiv Goenka are the biggest names in the Indian industry. They will be serious bidders. Expect a minimum bid of INR 3500 crore from the potential bidders. Don’t forget that IPL broadcast rights is projected around USD 5 billion (Rs 36,000 Crore).
“So the economics will work accordingly as franchises get the TV revenue share equally,” a BCCI insider tracking the developments told PTI on conditions of anonymity.
For the record, Goenka owned the Pune Franchise Rising Pune Supergiants (RPS) for two years and is also the owner of ISL franchise ATK Mohun Bagan.
There has been buzz that Lancer group, which is owned by Manchester United owner Avram Glazer, has also picked up the bid document.
The other notable companies which are in fray comprise Kotak group, pharmaceutical majors Aurobindo Pharma and Torrent group.
The two cities that are favourites in terms of stadium capacity are Narendra Modi Stadium in Motera with more than 100,000 capacity while the other is Ekana Stadium in Lucknow with 70,000 capacity.
The other cities in the hunt are Indore, Guwahati, Cuttack, Dharamsala and Pune.
Former India cricketer may join one of the consortium
A former India opener may join one of the consortiums which is expected to be serious bidders for the new franchises.
“Yes, a former India opener is ready to shell out around INR 300 crore and buy a minority stake if the consortium he is part of is able to successfully bid for a new team. He comes from a business family and he does want to invest in a cricket team. He is a distinguished player in his own right and also understands how the franchisee universe works,” the BCCI source said.

Business News
AdaniAhmedabad cityAhmedabad newsAurobindoGoenkaGujarat news
0 comment
previous post
Gandhian outfits ask govt to drop Sabarmati Ashram revamp plan
next post
While providing social security, ESIC and EPFO must promote transparency

You may also like

Forest Dept Fines 5 for Entering Gir to...

June 6, 2025

RBI Surprises with 50 bps Rate Cut Amid...

June 6, 2025

Visitor Parking Shortage Creating Big Problems in Cities

June 6, 2025

GTU Recommends Up to 18 Grace Marks for...

June 6, 2025

Seven Pilgrims Fall Into Sea in Dwarka; One...

June 6, 2025

Gujarat Eases RTI Rules: First 5 Pages Free,...

June 6, 2025

Fire break out at chemical company in Vadodara,...

June 5, 2025

Surat businessman gets notice after Operation Sindoor-themed installation...

June 5, 2025

Pre-monsoon rains to continue in Gujarat, including Ahmedabad,...

June 5, 2025

Sachivalaya to Spend ₹110 Crore on AC Upgrade,...

June 3, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Business News

Recent Posts

  • RBI Repo Rate Cut to 5.50%: How It Will Impact Your Home Loan EMIs and FD Returns

    June 7, 2025
  • Virat Kohli Named in Police Complaint Over Bengaluru Stampede That Claimed 11 Lives

    June 6, 2025
  • Ahmedabad Woman Files FIR Against Husband and In-Laws for Dowry Harassment and Abuse

    June 6, 2025
  • NEET-PG 2025 Exam on August 3 in Single Shift; Supreme Court Gives Final Approval

    June 6, 2025
  • Elon Musk’s Starlink Govt Nod from India, Set to Boost Satellite Internet Services

    June 6, 2025
October 2021
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031 
« Sep Nov »
The Live Ahmedabad
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.