Picture Credit: BCCI/IPL
After COVID-19 pandemic postponed some of the plans of BCCI regarding IPL 2022, the board is finally set to float the tender for two new IPL franchises this month. It has been reported that the process of selling of teams will be completed very soon to ensure that the governing body has enough time for making all the arrangements for next edition of the tournament.
What is the actual value of an IPL team?
Although many CEO's and business tycoons have shown interest in buying the teams, a lot will depend on the base price of franchises set by BCCI. It is quite a complicated task to come to an actual valuation of an IPL franchise. However, everyone got a slight idea about the same when RedBird Capital Partners recently acquired 15 percent stake in Rajasthan Royals at an overall valuation of ₹1855 crore.
With this deal setting a parameter, it is very unlikely that the base price of two new IPL franchises will be any less than this price. In fact, considering the continuous growth and success of the cash-rich league, the figure is only going to increase with time. Some reports have also suggested that some parties (interested in buying the franchises) are ready to spend more than ₹2000 crore considering the potential of return on investment.
Probable owners of new franchises?
With so much excitement around the purchase of new franchises, many business tycoons have notably shown interest in entering the race. It includes Gautam Adani (Adani Group), Sanjeev Goenka (Goenka Group) and Manpreet Singh Chadha (Chadha Group). Apart from them, entrepreneur Ronnie Screwvala and actor Mohanlal could also be in line to bid for the new teams.