ITW, Group M Among Parties To Purchase ITT For New IPL Teams

Cricket News By TODAYLIVESCORE.INFO - ITW, Group M among parties to purchase ITT for new IPL teams. As previously reported by Cricbuzz, Sanjiv Goenka of the RPSG Group has shown interest

ITW, Group M Among Parties To Purchase ITT For New IPL TeamsAs previously reported by Cricbuzz, Sanjiv Goenka of the RPSG Group has shown interest

Top sports and broadcast consulting agencies like ITW and Group M are among half a dozen parties that have purchased the Invitation To Tender (ITT) documents for the new Indian Premier League (IPL) teams, now set to be auctioned on a revised date of October 25.

Cricbuzz learns that there are three venture capitalists among the 10-11 parties that have purchased the ITT. As previously reported by Cricbuzz, Sanjiv Goenka of the RPSG Group is one among the big capitalists to have shown interest but there's little clarity if Ahmedabad-based Adani Group, considered a favourite to buy the Ahmedabad team, has also come onboard. They, though, could have been represented in the ITT purchase by one of the agencies. There's also speculation that Torrent Pharmaceuticals, another Ahmedabad-based investor, and Hyderabad's Aurobindo Pharma are those among interested.

The BCCI recently extended the deadline, making the ITT document available for purchase till October 10. The deadline for it previously was October 5. Subsequently, the other important dates in the process of sale have also been extended. The board would answer the queries till September 29 and the auction for the teams, which was to be held on October 17, will now take place in Dubai on October 25.

It must, however, be clarified that the purchase of the ITT document is no suggestion that the party would participate in the purchase process. The BCCI have set INR 2000 crore as the base price for new teams.

“The BCCI and IPL have nothing to do with these withdrawals”

The BCCI have distanced themselves from the recent developments in Pakistan. While New Zealand Cricket (NZC) cited security concerns and withdrew from their tour of Pakistan just minutes before the start of the eight-match white-ball series, the England & Wales Cricket Board (ECB) said they cannot honour their commitment considering the physical and mental well-being of the players. The England team was to play two T20Is in Pakistan next month.

“If there were security issues, how the BCCI was involved? It is unfair to drag BCCI into the security threat for the New Zealand or England teams. They have to set their house in order and we wish them well. We wish every cricketing nation well so that we have a healthy competitive environment across the globe,” Arun Singh Dhumal, the treasurer of the BCCI, told Cricbuzz, striving to set the record straight. “It is not in the BCCI's nature to conspire against any board and they should not indulge in what they are saying or doing. I mean the BCCI and IPL have nothing to do with these withdrawals and it was up to the respective boards and countries.

“We are not concerned about other boards' bilateral engagements. We are only focused on the BCCI interests, and I think every board thinks the same way. If someone had concerns about security issues, it was their call, we had nothing to do with it.”

The BCCI also wished PCB's new chief well. “Ramiz Raja has just taken over and he has our best wishes.”

Now player auction in PSL too?

PCB Chairman Ramiz Raja confirmed that he is exploring the option of introducing IPL-like auction for the Pakistan Super League (PSL). “Yes we are discussing all options, including auction for the future PSL,” the told Cricbuzz hours after he concluded a meeting with the owners of the PSL franchises on Monday (September 27).

Later the PCB released a statement saying, “As part of its commitment and resolve to assist and support the franchises so that they can continue to play their crucial role in the growth of cricket in Pakistan, the PCB has offered the following to the six franchisees: Covid-19 relief for HBL PSL 5 and 6, Increased share from the Central Pool of Revenue (CPR) for HBL PSL 7-20, Fixation of Dollar rate.”

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