BCCI on Wednesday extended the tender document purchase deadline for the new Indian Premier League (IPL) teams by another 10 days till October 10 and the two new franchises will be priced at Rs.

The governing council of the IPL on August 31 issued a non-refundable tender fee of Rs. Issued ‘Invitation to Invitation’ (ITT) document on payment of Rs.10 lakhs. The earlier date was extended to October 10.

“Following requests from various interested parties, the BCCI has now decided to further extend the ICT document purchase date to October 20, 2021,” the BCCI said in a statement.

BCCI plans to add two teams for the 2022 edition and it is expected that they will be in Ahmedabad, Lucknow or Pune.

Major companies like Kotak Group, Aurobindo Pharma, Torrent Pharma, RP-Sanjeev Goenka Group, Birla Group and Adani Group are reportedly interested in joining the IPL bandwagon, which is still a matter of eight teams.

BCCI expects to earn at least Rs 7,000 crore, but the basic price per team is Rs. 2000 crores.

The Board of Control for Cricket in India (BCCI) allows bids to be submitted to a three-party consortium.

The new teams are expected to be unveiled in Dubai on October 25, a day after India’s clash with arch-rivals Pakistan in the T20 World Cup.

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