$$$$ GUJARAT TITANS CHAMPIONS - IPL-2022 $$$$

[Kool_SRG]

 

[Kool_SRG]

Cities and owners in contention

We know there are (at least) 22 groups that are trying to buy the two teams. From a global perspective, the biggest name is Lancer Capital, whose principal owner is Avram Glazer, the man whose family owns one of the biggest sporting franchises in the world - Manchester United. Other notable potential bidders are Adani Group, the Ahmedabad-based infrastructure giants, the Sanjeev Goenka-owned business conglomerate RPSG (who briefly owned the Pune franchise for two seasons), the Naveen Jindal-owned Jindal Steel, Torrent Pharma, Aurobindo Pharma, and Hindustan Times Media, along with a number of private equity companies. Incidentally, Naveen Jindal's brother Sajjan Jindal owns Jindal Steel Works, who is the co-owner of Delhi Capitals.

 

The potential bidders are massive names in business because the BCCI has put some checks in place to keep smaller groups away. One of the requirements listed in the tender document is that the bidders must show a turnover of at least INR 3000 crore [USD 400 million approx.] for the previous three years. If it is a consortium, then each investor would need to show a turnover of at least INR 2500 crore [US$ 334 million approx.] for the previous three years. These may seem like big numbers, but some of the potential bidders have vast business interests globally. For example, on the company website, the Adani Group lists its "market cap of over USD 122.45 billion comprising six publicly traded companies". Jindal Steel & Power has put its annual turnover at "USD 5.5 billion" on its website.

 

Also mentioned in the tender document was which cities could potentially be home to the two new teams. From West India, it's Ahmedabad. From the North, its Dharamsala and Lucknow. From Central India it is Indore, and from the East it is Cuttack and Guwahati. If our elves are to be believed, Lucknow (in Uttar Pradesh) and Ahmedabad(in Gujarat) are frontrunners, but there could be a dark horse or two in fray as well!

[Kool_SRG]

Rhiti Sports Enters Race For New IPL Team, 10 Bidders Left In Fray: Sources

NDTV has further learnt that 10 of the 22 bidders are now in the race to buy the two new IPL teams, which will enter the league from the upcoming 2022 season, turning the IPL into a 10-team event.

The bids for the two new Indian Premier League (IPL) teams were opened in Dubai earlier on Monday and sources close to the bidding process have informed NDTV that Rhiti Sports, a sports marketing and management company that represented former India captain MS Dhoni, has also entered the race to bag the rights for one of the two new franchises.

NDTV has further learnt that 10 of the 22 bidders are now in the race to buy the two new IPL teams, which will enter the league from the upcoming 2022 season, turning the IPL into a 10-team event.

 

The BCCI had earlier extended the last date for interested parties to pick up the bidding papers to October 20.

"Pursuant to requests from various interested parties, BCCI has now decided to further extend the date for purchasing the ITT document till October 20, 2021," a BCCI release had said.

The BCCI is expecting anything between Rs. 7000 crore to 10,000 crore from the team bidding of IPL, according to a report by news agency PTI.

 

The bidding papers, in the form of the 'Invitation to Tender' document, could be bought by any interested party for a cost of Rs. 10 lakh.

The BCCI had earlier shortlisted six cities -- Ahmedabad, Lucknow, Cuttack, Guwahati, Ranchi and Dharamshala -- as bases for the two new teams.

 

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.

During Chennai Super Kings and Rajasthan Royals' suspension from the league, Rising Pune Supergiant and Gujarat Lions joined the league as temporary participants.

[Kool_SRG]

 

[Kool_SRG]

Overall total 22 Tenders were picked

• Sanjeev Goenka – Promoters of RPSG
• Glazer Family – Manchester United Owners
• Adani Group promoters
• Naveen Jindal – Jindal Power & Steel
• Torrent Pharma
• Ronnie Screwvala
• Aurobindo Pharma
• Kotak Group
• CVC Partners
• Singapore Based PE Firm
• Hindustan Times Media
• Broadcast & sports consulting agencies ITW,
• Group M
• Capri Global
• Deepika-Ranveer backed by a leading corporate
• Rajesh & Ajay Gupta – South African Business Tycoon

[Kool_SRG]

3: 10 PM: The 4 companies whose bids have been approved after technical evaluation are All Cargo Logistics, Adani Group, RP Sanjiv Goenka, Uday Kotak. There are also couple companies more who have got technical approval.

3: 02 PM: Sanjeev Goenka (RP Sanjeev Goenka Group),who is one of the owners of ISL side ATK-Mohun Bagan, is in the room currently.

2: 40 PM: The Unacademy representatives, who were seen sitting with Adani representatives in the bid room, have now left the room to avoid conflict.

2: 30 PM: According to latest reports, Ahmedabad - Adani and Lucknow/Indore - Glazers (Manchester United) are now the front-runners in the race.

2: 13 PM: Rhiti Sports disqualified

Rhiti Sports, who also submitted a bid for IPL franchise, has been disqualified in a case of Conflict of Interest as the company used to manage MS Dhoni.

2: 10 PM: According to reports, Adani Group has turned up at the bidding table with an outside agency & one of IPL's own official partners, Unacademy as Unacademy representatives were seen sitting with Adani representatives in the bid room. This could be a conflict.

[Kool_SRG]

Adani & Manchester United owners front-runners for new IPL teams

[Kool_SRG]

IPL: Manchester United, Adani, 369 Slingshot Among 9 Final Bidders For New Teams

The Board of Control for Cricket in India will today name the owners of two new Indian Premier League teams to play from 2022.

The nine players in the final pool are: Adani Group, Manchester United, 369 Slingshot, RPSG Group, Hindustan Times Media, Amrut Distilleries, Capri Global, AllCargo Logistics and Torrent Pharma.

[Kool_SRG]

3: 45 PM: According to the latest reports, the two favourites for getting the two new IPL teams are Adani for Ahmedabad and Manchester United for Lucknow. Adani Grp is the frontrunner while there's also a tough fight between Man Utd and RP Sanjeev Goenka Group.

3: 35 PM: According to the latest reports, the two favourites for getting the two new IPL teams are Adani for Ahmedabad and Manchester United for Lucknow. The official announcement for the final teams is expected to come in few hours.

[Kool_SRG]

4: 11 PM: Kotak Group submits bid

Kotak Group, founded by Uday Kotak also submitted its bid for the new IPL team.

4:05 PM: The technical bid of Manchester United owners, the Glazer family has also been approved. In another update, it is being known that financial bids have not yet been opened. Results expected after approximately 1 hour.

[MakesSense]

 

[Kool_SRG]

5:37 PM - The official announcement of the two new teams is expected to be out by 6 PM. Stay tuned with us till then!

 

5: 35 PM - The final stage of bidding is underway now!

A total of 9 bidders are currently in the financial bidding.

5:31 PM - It is being reported that the Manchester United bid has been technically approved by the officials

[Kool_SRG]

 

[Kool_SRG]

@MakesSense  guess the above tweet doesn't make sense.  

 

BBL nunchi names lepesinattunaaru 

Ahmedabad Renegades (Adani Group)   - Melbourne Renegades

Lucknow Scorchers (MAN UTD and Ranveer Singh)  - Perth Scorchers

[r2d2]

3 minutes ago, Kool_SRG said:

Ahmedabad Renegades (Adani Group) 

ren·e·gade

noun: renegade; plural noun: renegades

- a person who deserts and betrays an organization, country, or set of principles.