BCCI Unveils Lucknow And Ahmedabad Teams; RPSG, CVC Capital Win Bids
BCCI Indicts Two New IPL Teams Ahmedabad and Lucknow; RPSG, CVC Capital Win Bids
The Board of Control for Cricket in India (BCCI) announced on Monday Ahmedabad and Lucknow as the two new teams for the Indian Premier League (IPL) 2022. BCCI held the process of identifying the two new IPL franchises in Dubai. It will add two more teams and expand the 2022 tournament to 10 teams.
“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 the successful bidders. The IPL will now go to two new cities in India viz in Lucknow and Ahmedabad,” BCCI President Sourav Ganguly was quoted as saying in a press release.
Kolkata-based business tycoon Sanjiv Goenka’s RPSG 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 as the eagerly-awaited two new IPL teams were unveiled on Monday.
The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.
ANI tweeted, “Ahmedabad and Lucknow to be the two new teams at Indian Premier League (IPL). CVC Capital Partners gets Ahmedabad while RPSG Group gets Lucknow.”
Take a look at the tweet here:
Ahmedabad and Lucknow to be the two new teams at Indian Premier League (IPL). CVC Capital Partners gets Ahmedabad while RPSG Group gets Lucknow. pic.twitter.com/0zmQS7nQEb
— ANI (@ANI) October 25, 2021
The BCCI added the two new teams after six years. In 2015, it added: Rising Pune Supergiants and Gujarat Lions – for the 2016 and 2017 editions.