BCCI plans to launch new franchises in IPL 2022

The cricket board is ready to introduce two new franchises in the league. The tender document for the franchises will be out in mid-August. The mandatory checks, bids will be opening in mid-October. 

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The Board of Control for Cricket in India (BCCI) has prepared blueprints for the next Indian Premier League (IPL) scheduled in 2022. 

The plan includes setting up two new franchises, player retention, a mega auction, increments in salary, and a fresh media rights tender. The plan will roll out between August 2021 and January 2022. 

The cricket board is ready to introduce two new franchises in the league. The tender document for the franchises will be out in mid-August. The mandatory checks, bids will be opening in mid-October. 

For this space, Kolkata-based RP-Sanjiv Goenka Group, The Adani group, Aurobindo Pharma Ltd, and the Torrent group are interested in it. Also, there are some private equity and investment advisory firms that are looking for this opportunity closely. 

The BCCI is ready to increase the salary from Rs. 85 crore to Rs 90 crore. It means Rs 50 crore will be adding to the total salary pool (among the 10 franchises).

Retaining players of the franchises must deduct specified sums from their salary before stepping into an auction. The structure for the salary deduction specification is as follows: Rs 15 crore,  Rs 11 crore, and Rs 7 crore if three players are retained.