The owners of the new IPL teams have been announced, shattering all the reports coming out. The two new teams will be owned by Sanjeev Goenka’s RPSG Group and CVC Capital Partners. RPSG submitted the highest tender with Rs 7090 crore. CVC came second with a tender of Rs 5,600 crore. (Sanjiv Goenka CVC IPL).
The two new IPL teams will be owned by Sanjeev Goenka’s RPSG Group and CVC Capital Partners.
Sanjeev Goenka’s RPSG Group had an IPL team for two seasons when the Rajasthan Royals and Chennai Super Kings were banned following a bribery scandal. The RPSG Group’s team was the Pune-based Rising Pune Super Giants. With the return of Rajasthan and Chennai, the team disappeared. CVC Capital Partners, the equity firm that owned Formula 1, also owns companies such as the Stark Group and Sky Betting and Gaming.
The new franchises are located in Lucknow and Ahmedabad. RPSG got Lucknow and CVC got Ahmedabad. The home ground for the Ahmedabad franchise will be the Narendra Modi Stadium, the largest stadium in the world.
There were 22 groups on the scene for the new teams. Adani Group, Glazer Family, RPSG Group, Jindal Steel, Hindustan Times Media and CVC Capitals Aurobino Pharma submitted bids. Torrent Pharma and Rhiti Sports withdrew their bids.
Meanwhile, it was reported that the teams could retain four players ahead of the upcoming IPL mega auction. A maximum of 3 Indian players and 2 foreigners are allowed to be retained. According to reports, a maximum of two players who have not played in an international match will be allowed to stay. The news was released by Cricketbus.