Tag Archives: IPL Auction

IPL 2022: Lucknow franchise to be called Lucknow Super Giants

One of the two new franchises to enter the Indian Premier League (IPL) from the upcoming 2022 season, the Lucknow-based team on Monday announced ‘Lucknow Super Giants’ as their name ending weeks of speculation.

Notably, the RP-Sanjiv Goenka Group, who previously ran the Rising Pune Supergiant (RPSG) team in 2016 and 2017 IPLs, had bought the rights of the Lucknow franchise for a whopping Rs 7,090 crore in October, 2021.

Earlier, the Lucknow Super Giants (LSG) had named Flamboyant India opener KL Rahul as its skipper for a whopping 17 crore.

Meanwhile, Australian all-rounder Marcus Stoinis and young Ravi Bishnoi were also signed by the LSG ahead of the mega auction which will be held on February 12 and 13 in Bengaluru.

While Stoinis will receive Rs 9.2 Crore, Bishnoi will be paid Rs 4 crore.

The 21-year-old Bishni is yet to play for India but has been impressed in the cash-rich league as playing for the Punjab Kings (PBKS) in the last two seasons, he had bagged 12 wickets each in both the 2020 and 2021.

After signing of these three players, the LSG, which had also appointed Andy Flower and Gautam Gambhir as the head coach and mentor respectively, will now go into the auction with a purse of Rs 58 crore.

Earlier, the Sanjeev Goenka-owned RPSG group had bagged the ownership rights of the Lucknow franchise on October 25 in the team auction in Dubai. On the other hand, CVC Capital had acquired the Ahmedabad franchise for for Rs 5625 crore. After acquiring the teams, both Sanjeev Goenka-owned RPSG group and CVC Capital will need to pay the entire amount over a period of 10 years.

Notably in the team auctions in October 2021, as many as 10 parties had entered the bidding war and had got an option to choose from from six centres – Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore – to base their team in.

All the interested parties were asked to submit two envelopes – one for personal and financial credentials and the second for the bid and the entire process was overseen by the IPL Governing Council as well as the BCCI top officials like president Ganguly, secretary Shah, treasurer Arun Dhumal, vice-president Rajeev Shukla and joint-secretary Jayesh George.

The addition of Ahmedabad and Lucknow means the total number of teams rises to 10 from eight.

Last week, after a meeting with the owners of the franchises of the league, the Board of Control for Cricket in India (BCCI) secretary Jay Shah had announced that the 2022 season will begin in the last week of March and will conclude in May.

The BCCI secretary however, didn’t announced the venue of the mega auctions however, several reports suggest that the two-day affair is most likely to be staged in Bengaluru.

Notably,  1,214 players had registered for the upcoming auction. Of the 1,214 players, 896 are Indians while the remaining 318 are overseas, who have signed up for the auction.

IPL 2022 from last week of March; Mega Auction on Feb 12-13: Jay Shah

Board of Control for Cricket in India (BCCI) secretary Jay Shah on Saturday announced that the 2022 season of the Indian Premier League (IPL) will begin in the last week of March and will conclude in May.

After a meeting with the owners of the franchises of the league, Shah in an official statement said: “I am delighted to confirm that the 15th season of the IPL will start in the last week of March and will run until May end. A majority of the team owners expressed their wish that the tournament be held in India. The BCCI was always keen on staging the 2022 edition that will see two new teams – Ahmedabad and Lucknow – in India,”

“I can tell you that we will leave no stone unturned in ensuring that IPL stays in India. The BCCI has not compromised on the health and safety of its stakeholders in the past and will concurrently work on Plan B since the COVID-19 situation with new variants remains fluid. The mega IPL Auction will take place on February 12-13th and we will lock in venues before that,” he added.

The BCCI secretary however, didn’t announced the venue of the mega auctions however, several reports suggest that the two-day affair is most likely to be staged in Bengaluru.

Earlier following the end of the registration for the 2022 player auction on January 20, 1,214 players had registered for the two-day event..

Of the 1,214 players, 896 are Indians while the remaining 318 are overseas, who have signed up for the auction.

The upcoming IPL 2022 mega auction will see the newly inducted franchises — Ahmedabad and Lucknow — entering the bandwagon.

Of the list, 61 are capped Indian players while 209 are capped international cricketers. 143 players are uncapped Indians who were a part of previous IPL seasons, while six players are uncapped internationals who were a part of previous IPL seasons. In terms of uncapped players, 692 players from India and 62 international players have registered themselves.

Earlier, a total of 33 players were either retained or picked ahead of the auctions,

Notably, the existing eight IPL franchises have retained a total of 27 players while the two new IPL teams (Ahmedabad and Lucknow) have picked six players (three each) ahead of the auction.

List of IPL Retention:

CSK: Ravindra Jadeja, MS Dhoni, Moeen Ali and Ruturaj Gaikwad.

DC: Rishabh Pant, Axar Patel, Prithvi Shaw and Anrich Nortje.

KKR: Andre Russell, Varun Chakravarthy, Venkatesh Iyer and Sunil Narine.

MI: Rohit Sharma, Jasprit Bumrah, Suryakumar Yadav and Kieron Pollard.

PBKS: Mayank Agarwal and Arshdeep Singh.

RR: Sanju Samson, Jos Buttler and Yashasvi Jaiswal.

RCB: Virat Kohli, Glenn Maxwell and Mohammed Siraj.

SRH: Kane Williamson, Abdul Samad and Umran Malik.

Ahmedabad Franchise: Hardik Pandya, Rashid Khan and Shubman Gill.

Lucknow Franchise: KL Rahul, Marcus Stoinis and Ravi Bishnoi.

1,214 players sign for IPL 2022 auction

Following the end of the registration for the Indian Premier League (IPL) 2022 player auction on January 20, 1,214 players have registered for the two-day event, the tournament said in an official advisory.

Of the 1,214 players, 896 are Indians while the remaining 318 are overseas, who have signed up for the auction.

The upcoming IPL 2022 mega auction will see the newly inducted franchises — Ahmedabad and Lucknow — entering the bandwagon. Even as the Indian board is yet to make an official announcement, it has been learnt that the event could be staged in Bengaluru on February 12 and 13.

Of the list, 61 are capped Indian players while 209 are capped international cricketers. 143 players are uncapped Indians who were a part of previous IPL seasons, while six players are uncapped internationals who were a part of previous IPL seasons. In terms of uncapped players, 692 players from India and 62 international players have registered themselves.

From the 318 overseas players on the long list, spread across 18 countries, Australia leads with 59 players followed by 48 from South Africa, 41 from West Indies, 36 from Sri Lanka, 30 from England, 29 from New Zealand, 20 from Afghanistan, 15 from Nepal and 14 from USA.

Other nations whose cricketers have registered for the IPL 2022 player auctions are Bangladesh (nine), Namibia (five), Oman and Ireland (three each), Zimbabwe (two), Bhutan, Netherlands, Scotland and the UAE (one each).

Earlier, a total of 33 players were either retained or picked ahead of the auctions,

Notably, the existing eight IPL franchises have retained a total of 27 players while the two new IPL teams (Ahmedabad and Lucknow) have picked six players (three each) ahead of the auction.

List of IPL Retention:

CSK: Ravindra Jadeja, MS Dhoni, Moeen Ali and Ruturaj Gaikwad.

DC: Rishabh Pant, Axar Patel, Prithvi Shaw and Anrich Nortje.

KKR: Andre Russell, Varun Chakravarthy, Venkatesh Iyer and Sunil Narine.

MI: Rohit Sharma, Jasprit Bumrah, Suryakumar Yadav and Kieron Pollard.

PBKS: Mayank Agarwal and Arshdeep Singh.

RR: Sanju Samson, Jos Buttler and Yashasvi Jaiswal.

RCB: Virat Kohli, Glenn Maxwell and Mohammed Siraj.

SRH: Kane Williamson, Abdul Samad and Umran Malik.

Ahmedabad Franchise: Hardik Pandya, Rashid Khan and Shubman Gill.

Lucknow Franchise: KL Rahul, Marcus Stoinis and Ravi Bishnoi.

IPL: Pat Cummins confirms to go under hammer

Australian Test skipper Pat Cummins has confirmed that he has signed up for the upcoming 2022 Indian Premier League (IPL) mega auction and said that as things stand, he is willing to play the next edition of the lucrative T20 tournament.

Cummins, 28, also further expressed that a player should individually be aware of his workload and said that some cricketers can manage their workload better than others.

“I’ve signed up for the auction at this stage. I’ll probably have a bit more of a think about it before that auction date. At this stage, I plan to do the IPL. I have no advice for anyone else. I think you’ve got to be aware of (workloads), it could be a lot of time on the road, some people manage that better than others,” Cummins told reporters.

Cummins also said that he will have to endure the bubble life for some more time as people are aware of what they will have to go through.

“You have to know what you’re signing up for. It could be a long-ish winter but the last couple of winters have been quiet at home. The traditional tours are still a little way away, it will be bubbles for a little bit longer. Everyone has to be aware of it,” added Cummins.

Cummins, the recently appointed Australia Test captain, last featured in the 5th Ashes Test against England and scalped a total of seven wickets in the finall affair. Cummins played a significant role in helping his side thrash the vicitors by 146 runs.

Cummincs also led his side from the front as Australia outplayed England 4-0 in the just concluded Ashes series. Cummins, who played four games in the five-match rubber, emerged as the leading wicket-taker in the series with 21 scalps.

Notably, even as the Board of Control for Cricket in India (BCCI) is still to release an official confirmation, a report in Cricbuzz had recently claimed that the schedule for the mega auction for the cash-rich tournament has been finalised wnd will be held on February 12 and 13 in Bengaluru.

As per a report in Cricbuzz, the IPL officials have called each franchise and have informed them of the dates and venue.

As the dates for the mega auctions clash with an international game – an ODI between India and West Indies, the board officials insisted that the schedule is final and assured the different franchise that the match will have no bearing on the the auction proceedings and both will go ahead as planned.

“It has been clarified to us that the match and auction are two different things and both will go ahead,” a franchise official was quoted as saying by Cricbuzz after obtaining clarification from the BCCI.

“If anyone, Star Sports should have a say on this as they are the broadcast rights holders of both the events. It is learnt that Star officials have also been informed about it. A reply from Star is awaited,” it added.

Notably, the second One-Day International between India and West Indies is scheduled for February 12 at the Eden Gardens in Kolkata.

Significantly, with the mega auctions being held for 10 teams this year with the addition of the Lucknow and Ahmedabad franchise, more than 1000 players are likley to be named for it with as many as between 200 to 250 likley to go under the hammer.

Lucknow, Ahmedabad to receive Letter of Intent from BCCI after IPL GC meet

The two new franchises of the cash-rich Indian Premier League (IPL) – Lucknow and Ahmedabad – have received the virtual clearance from the Board of Control for Cricket in India (BCCI) however, the formal clearance will be given handed to them after a meeting of the Indian Premier League (IPL) Governing Council (GC) on Tuesday (January 11), it has been reported.

“The two teams have been cleared and we will issue the Letter of Intent (LoI) after tomorrow’s GC meeting. The teams are through by all practical purposes,” IPL chairman Brijesh Patel was quoted as sayong Cricbuzz.

Earlier in October last year, the Sanjeev Goenka-owned RPSG group and international investment firm – CVC Capital had bagged the ownership rights of the two new franchises of the IPL for Rs 7090 crores and 5625 crores respectively.

However, CVC Sports acquisition of the Ahmedabad franchise in the league had come under scanner following its association with the Milan-based betting company.

Significantly, CVC’s acquisition of the Ahmedabad franchise had raised many questions following which there has been a delay from the Indian board in handing the Letter of Intent to CVC.

CVC, an American firm, has been trying its best to explain to the Indian board that their investment in a UK betting firm is not illegal.

As per reports, the CVC had later tried to convince the BCCI that its investment in betting firm, which has become a bone of contention, is not illegal and moreover, few top CVC officials had flown to India to have talks with the BCCI office-bearers.

After CVC had acquired one of the two franchise, former IPL chairman Lalit Modi ruffled a few feathers by drawing attention to the companies association with the Milan-based betting company Sisal. “I guess betting companies can buy an IPL team. must be a new rule. apparently, one qualified bidder also owns a big betting company. what next? does BCCI not do their homework? what can Anti-corruption do in such a case? #cricket,” Modi had tweetd.

Later, the Indian board reportedly discussed the CVC Sports matter to the Solicitor General of India – Tushar Mehta – who represents the board in matters not involving the Government of India and reports suggested that the initial recommendation from Solicitor General was believed to be positive.

The IPL 2022, which will now be a ten-team affair following the addition of the two new teams, is most likely to begin on April 2 in Chennai.

Although the fixtures of the upcoming season have not been finalised yet however, the board had internally conveyed to the key stakeholders that the board is planning to start the 16th edition of the lucrative league on April 2 in Chennai.

As the next season will have a total of 74 games, the BCCI has discussed internally that the length of the season will be for over 60 days. As a result, the final could be played in the first weekend of June.

IPL mega auction on February 12 & 13 in Bengaluru: Report

Although the Board of Control for Cricket in India (BCCI) is still to release an official confirmation, a report in Cricbuzz on Thursday claimed that the schedule for the mega auction for the Indian Premier League (IPL) has been finalised wnd will be held on February 12 and 13 in Bengaluru.

As per a report in Cricbuzz, the IPL officials have called each franchise and have informed them of the dates and venue.

As the dates for the mega auctions clash with an international game – an ODI between India and West Indies, the board officials insisted that the schedule is final and assured the different franchise that the match will have no bearing on the the auction proceedings and both will go ahead as planned.

“It has been clarified to us that the match and auction are two different things and both will go ahead,” a franchise official was quoted as saying  by Cricbuzz after obtaining clarification from the BCCI.

“If anyone, Star Sports should have a say on this as they are the broadcast rights holders of both the events. It is learnt that Star officials have also been informed about it. A reply from Star is awaited,” it added.

Notably, the second One-Day International between India and West Indies is scheduled for February 12 at the Eden Gardens in Kolkata.

Meanwhile, the report further said that the BCCI has written to International boards and state associations recently to send in the names of the players to be enrolled for the auction by January 17.

Significantly, with the mega auctions being held for 10 teams this year with the addition of the Lucknow and Ahmedabad franchise, more than 1000 players are likley to be named for it with as many as between 200 to 250 likley to go under the hammer.

Moreover, the report suggested taht the IPL officials have further informed the franchises that the formal pre-auction briefing, a normal feature of every auction, will be held on February 11 and has asked them to be in Bangalore by evening that day.

Earlier, BCCI secretary, Jay Shah had said that the upcoming season of the cash-rich league will take place in India.

While attending an event, “The Champions Call” in Chennai in November, which was organised to celebrate Chennai Super Kings’ (CSK) fourth IPL victory, Shah had confirmed the development.

While addressing the crowd in the event, Shah has assured that the cash-rich league will return to India and it will be even more exciting as two new teams – Ahmedabad and Lucknow will be joining the lucrative league.

“I know you all are waiting to see the CSK play at Chepauk. Well, the moment is not very far. The 15th season of the IPL will take place in India and it will be more exciting than ever with two new teams joining,” the BCCI secretary had said.

England’s Jofra Archer undergoes second elbow surgery, ruled out until next summer

England’s star pacer Jofra Archer has been ruled out of action until next summer after he underwent a second surgery on his injured right elbow recently.

Issuing a statement, the England and Wales Cricket Board (ECB) said that the medical procedure had “addressed the long-standing stress fracture of his right elbow”.

“The England and Wales Cricket Board can confirm that fast bowler Jofra Archer underwent a second operation on his injured right elbow on Saturday 11 December in London. The procedure addressed the long-standing stress fracture of his right elbow,” said the statement on Wednesday.

“A return to cricket will be determined in time, but Jofra will not be available for any of England’s remaining Winter series,” added the statement.

The second surgery means that the 26-year-old Barbadian-born cricketer will not go under the hammer in the upcoming Indian Premier League (IPL) 2022 mega auction, which is scheduled to be held in January.

Earlier, Archer, along with his England teammate and all-rounder Ben Stokes, had missed the Dubai leg of IPL 2021 for Rajasthan Royals, which had earlier this month decided to let go of both the players ahead of the upcoming mega auctions.

Notably, Archer had last featured in international cricket in the five-match T20I series against India in February, where he had scalped seven wickets at an economy rate of 7.75.

Later, he was forced to miss the entire IPL 2021 season — in India as well as in the UAE — due to a right elbow injury.

The pace bowler was ruled out of cricketing action for rest of the year in May following a recurrence of the stress fracture in his elbow.

Old 8 franchises can retain maximum of 4 players, confirms BCCI

The Board of Control for Cricket in India (BCCI) has confirmed that the eight former Indian Premier League (IPL) franchises can retain a maximum of four players while the two new teams – Ahmedabad and Lucknow – will be allowed to acquire three players outside of the auction, which will be held before the 2022 season.

“The 8 existing team will first get the opportunity to retain a maximum of 4 Players and thereafter the 2 new teams will be able to retain a maximum of 3 players before the auction,” the BCCI said in a mail to the franchises on Saturday afternoon.

Meanwhile, the Indian board also announced that the salary cap for the 2022 edition will be Rs. 90 crore for all the teams.

“The window for the 8 existing teams to retain the players will be from the 1st November 2021 to 30th November 2021. Thereafter the 2 new teams will have the window to retain the players starting from 1st December 2021 to 25th December 2021,” it added.

The BCCI also clarified that the old eight franchises cannot retain more than three Indians (capped/uncapped) players and also limited the number of overseas players in the retention list to two. The BCCI announced that a franchise cannot have more than two uncapped players.

On the other hand for the two new franchise, two Indians can be picked outside the auction while number of overseas players will only be one. Also, the new teams can select only one uncapped player before the mega auction.

The BCCI has also said that there will no Right to Match (RTM) cards in the upcoming auction.

Moreover, the board has also cleared as to how much funds will be deducted from the salary cap of the franchise as per their choices of retentions. Notably, if a team retains four players, Rs 42 crore will be deducted from the player purse while three retentions will lead to a deduction of Rs 33 crores.

For two retentions, the reduction will be Rs 24 crore while for one player, the reduction will be Rs 14 crore from its purse while each uncapped player retained will cost Rs 4 crore each.

Earlier on October 25, the BCCI had confirmed that the Sanjeev Goenka-owned RPSG group and international investment firm – CVC Capital – have bagged the ownership rights of the two new franchises of the IPL.

While the RPSG Ventures Ltd. had acquired the Lucknow team for Rs 7090 crores, Irelia Company Pte Ltd. (CVC Capital bagged the Ahmedabad franchise for rs 5625 crores.

The new franchises will participate in IPL from 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play 7 home and 7 away matches.

Now after acquiring the teams, both the parties will need to pay the entire amount over a period of 10 years.

These new franchises – Ahmedabad and Lucknow – will now be a part of the 15th edition of the lucrative league, taking the total number of teams to 10 from eight.

The next edition of IPL is likley to be staged in the March-April window and a mega auction for it will most probably be held in December this year or January, 2022.

Sanjiv Goenka’s RPSG bags Lucknow, CVC Capital acquires Ahmedabad franchise of IPL

The Sanjeev Goenka-owned RPSG group and international investment firm – CVC Capital – on Monday bagged the ownership rights of the two new franchises of the cash-rich Indian Premier League (IPL).

While the RPSG Group picked Lucknow as their home base with a winning bid of Rs 7090 crores, the CVC Capital went for Ahmedabad with the second-highest bid of the auctioning which is in excess of Rs 5000 crores.

After the development, Sanjiv Goenka, who previously owned the Rising Pune Supergiant (RPS), said: “A lot of planning and calculation has gone into our bidding.”

“I give credit to personal staff for winning the bid,” Goenka was quoted as saying by Cricbuzz.

Notably, CVC is the same firm which had attempted a deal with La Liga (but was opposed by Real and Barca) and now has an elaborate plan to bring together ATP and WTA Tours with a fund that can go up to four billion dollars.

Private Equity player CVC Capital had recently bought LA Liga and also owns Formula One and Rugby teams.

Notably, as many as 10 parties had entered the bidding war on Monday and had got an option to choose from from six centres – Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore – to base their team in.

As per reports, all the interested parties were asked to submit two envelopes – one for personal and financial credentials and the second for the bid and the entire process was overseen by the IPL Governing Council as well as the BCCI top officials like president Sourav Ganguly, secretary Jay Shah, treasurer Arun Dhumal, vice-president Rajeev Shukla and joint-secretary Jayesh George.

Now after acquiring the teams, both the parties will need to pay the entire amount over a period of 10 years.

Earlier, the Adani Group was considered to be a front-runner in acquiring a team however, they eventually opted out of the bidding war after their last call of Rs 5000 crore. On the other hand, Torrent, Manchester United’s owner, Aurobindo Pharma and other players didn’t even came close to the Rs 5000 crore-mark.

These new franchises – Ahmedabad and Lucknow – will now be a part of the 15th edition of the lucrative league, taking the total number of teams to 10 from eight.

The next edition of IPL is likley to be staged in the March-April window and a mega auction for it will most probably be held in December this year or January, 2022.

Last week, discussions on the issue of retention of players took place between the Board of Control for Cricket in India (BCCI) and the eight franchise owners following which it was decided that a franchise can retain up to three Indian players and two overseas players with the overall count for retained players not crossing four.

Meanwhile, the player purse will be Rs 90 crore and in the subsequent two years, there will be an incremental hike and the purse will go up to Rs 95 crore and Rs 100 crore.

Earlier, a total of 22 entities had bought the Invitation to Tender (ITT) document from the BCCI, price of which was kept at Rs 10 lakh each.

Glazer family, owners of Man Utd, arrive in UAE for auction of two new IPL teams

With the cash-rich Indian Premier League (IPL) all set to be expanded to 10 teams from eight with the auctions for the two new frnachise scheduled for Monday (October 25), owners of Manchester United – the Glazer family – have already arrived in the UAE to try their luck.

As per reports, it is most likley that the two new frnachises and their owners will be finalised by late afternoon on Monday.

Last week, Glazer family, which owns many sports properties including the famous football club Manchester United and also owns the famous American football club Tampa Bay Buccaneers which features in the National Football League (NFL), had shown interest in owning an IPL franchise as it has picked up the bid documents for the new teams.

The Glazer family had picked up the Invitation to Tender (ITT) document from the Board of Control for Cricket in India (BCCI) for the purchase of one of the two new franchises.

Significantly, the deadline for the sale of ITT, the INR 10 lakh document, was on October 10 however, with the Glazer family keen to join the IPL bandwagon, the BCCI had later extended the date for the sale of the new franchise till October 20.

Despite picking up the ITT document, there is no guarantee that the US-based company will make a formal bid for the franchise as it will have to first set up a company in India to do so because the ITT document says that a foreign entity will have to set up a company in India to make a bid.

So far, around 20 parties have bought the ITT document.

Reportedly, the Adani Group, Torrent Pharma, Aurobindo Pharma, RP-Sanjiv Goenka Group, Hindustan Times Media, Jindal Steel (led by Naveen Jindal), entrepreneur Ronnie Screwvala and three private equity players have so far also picked the ITT documents.

Significantly, the Indian board will make massive financial gain from the auction of two new franchises for which, a base price of Rs 2000 crore has been set for each franchise.

As per reports, the BCCI, the country’s apex cricketing body, is expected to get richer by Rs 5,000-7,000 crore after the two new franchises of the lucrative league go under the hammer in Dubai.

The BCCI is not only expected to earn an additional amount of Rs 5,000-7,000 crore by the sale of the two new franchises but will also receive an additional amount of over Rs 450 crore from its share of broadcasting and sponsorship revenues in 2022 as the number of matches in the cash-rich league will rise to 74 next year from the present 60 matches.

The rise in number of matches will be because the number of teams will also go upto to 10 from the current eight.

Before the auctions are held, the board has already clarified that any bids below the minimum amount of Rs 2000 crore will be directly rejected and no reduction will be made to the minimum bid amount even in the event of a change in the format of the league.

Significantly, six Indian cities, namely – Ahmedabad (Narendra Modi Stadium), Cuttack (Barabati Stadium), Dharamsala (Himachal Pradesh Cricket Association Stadium), Guwahati (Barsapara Cricket Ground), Indore (Holkar Stadium), Lucknow (Atal Bihari Vajpayee Ekana Cricket Stadium) have been shortlisted for the auction.

As per reports, Ahmedabad and Lucknow are the frontrunners for hosting the two new IPL teams.