The bidding for ownership of the 2 new Indian Premier League (IPL) suffrages took place today and the new teams and their buyer were published.
Owner Sanjiv Goenka’s RPSG group has acquired the rights for one franchise, while private equity fund CVC Capital has won the bid for the additional.
2 teams will be part of the IPL beginning from the 2022 season.
What is the name of 2 new teams in IPL 2022?
Of the 2 new teams that will play from IPL 2022, the first will be from Lucknow, while the other will be from Ahmedabad.
The Lucknow team will be the prime from Uttar Pradesh, while Gujarat has had the previous description in the IPL in the form of Gujarat Lions, who performed for 2-years in the lack of Chennai Super Kings (CSK) and Rajasthan Royals (RR).
Name of the owners of the two new teams in IPL 2022?
The Lucknow team has been acquired by the RPSG Group. RP-Sanjiv Goenka Group, more generally known as RPSG Group, had before owned Rising Pune Supergiant for the 2 years of its living.
RPSG Group is an Indian manufacturing and services conglomerate based in Kolkata.
CVC Capital Partners is a private equity and investment report firm with $125 billion of assets under control and $165 billion of funds invested. This won’t be the initial time they will tinker in sport, having made a meaningful investment in the Formula One Group.
What prices are decided for 2 new teams in IPL 2022?
The RPSG group has reportedly gained the Lucknow franchise with a declaration(bid) of Rs 7,100 crore. While CVC money bid Rs 5166 crore for the Ahmedabad franchise.
What is the date the Mega Auction starts of IPL 2022?
The IPL 2022 Mega Auction begins to take place in December. Each team will be allotted 4 retentions, although the specific rules have not been officially declared yet.
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