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IPL 2022: New IPL team auction to take place on THIS date

IPL 2022: New IPL staff public sale to happen on THIS date | Cricket Information

The bidding for the 2 new Indian Premier League groups is about to happen on October 17. Curiously, whereas the final day for queries with reference to bidding for the groups is September 21, the bids might be picked until October 5.
Talking to ANI, sources within the know of developments confirmed the identical. “The bidding is about to happen on October 17 whereas queries concerning the identical might be made until September 21,” the supply mentioned.
The Governing Council of the Indian Premier League (IPL) had on August 31 invited bids to amass the fitting to personal and function 1 (one) of the two (two) new groups proposed to be launched to participate within the event from the 2022 season, by means of a young course of.
“The detailed phrases and situations governing the submission and analysis of bids together with eligibility necessities, course of for submissions of bids, proposed new groups’ rights, and obligations, and so on. are contained within the ‘Invitation to Tender’ (“ITT”) which might be made accessible on receipt of cost of non-refundable charge of INR 10,00,000 (Rupees Ten Lakhs Solely) plus any relevant Items and Providers Tax,” the BCCI had mentioned in an official launch.
The ITT is out there for buy until October 5. events have been requested to ship an e-mail at ittipl2021@bcci.television to get additional particulars for buying the ITT.
The e-mail requesting the ITT ought to have the topic line “ITT for the Proper to Personal and Function Considered one of Two Proposed New IPL Groups”. Any social gathering wishing to submit a bid is required to buy the ITT.
Nonetheless, solely these satisfying the eligibility standards set out within the ITT and topic to the opposite phrases and situations set out therein, shall be eligible to bid. It’s clarified that merely buying this ITT doesn’t entitle any individual to bid. BCCI reserves the fitting to cancel or amend the bidding course of at any stage in any method with out offering any motive.
Notably, there is no such thing as a e-auction and the age-old follow of closed bidding course of might be adopted, reported Cricbuzz. Furthermore, the variety of league matches for every staff might be both 14 or 18 with a minimal of seven residence and 7 away video games assured to every franchise.

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