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IPL 2022 New Teams List: Name, Auction/Bid Price, Owners Info

IPL 2022 New Teams List: Name, Auction/Bid Price, Owners Info. We have Ahmedabad and Lucknow as two new teams for the next year's Indian Premier League.

IPL 2022 New Teams List (Pic BCCI)

Dubai, October 25: After some intense hours in the bidding room in Dubai, we have two new teams for the IPL 2022, and they will be based in Ahmedabad and Lucknow.

The RP-Sanjiv Goenka Group placed the highest bid of Rs 7090 crore and they have chosen Lucknow as the base city of their new franchise.

While the owners of Lucknow side have paid Rs 5625 crore for new franchise, and they are Irelia Company Pte Ltd.

"It is good to be back in the IPL and now it is time to set up a good team,” said the Goenka group in a statement.

1. Lucknow team details

1. Lucknow team details

The team will be owned by Sanjiv Goenka, Chairman of the RPSG Group and they will be based in the swank new Atal Bihari Vajpayee Stadium in Lucknow that can house 50000 people. It may be recalled that the Goenka group has previous experience in running an IPL team.

They had owned the Rising Pune Supergiant in the IPL 2016 and 2017 when Chennai Super Kings and Rajasthan Royals were suspended.

2. Ahmedabad team details

2. Ahmedabad team details

The Irelia or the CVC Capital is a business conglomerate that runs offices across Asia. Europe, South and North America. This is their maiden foray into cricket but recently they had acquired a minor share in La Liga, the Spanish football league. They also had a minor stake in F1.

The home of Ahmedabad team will be the world’s largest cricket stadium, the Narendra Modi Stadium that can accommodate a massive 132000 spectators.

3. Who were the 9 bidders

3. Who were the 9 bidders

The RP-Sanjeev Goenka Group, CVC Capital, Adani Group, Lancer Capital of Glazer Family, the owner of Premier League giants Manchester United, the Kotak Limited led by Uday Kotak, CAPRI Holdings, All Cargo Logistics, Torrent Pharma and Aurobindo Pharma. Rhiti Sports, which has investment from former Indian skipper MS Dhoni, too was in the fray but was disqualified in the technical screening round before the financial bid opening round.

4. What was the base price of teams

4. What was the base price of teams

The BCCI had pegged the base price of teams at Rs 2000 crore and had identified 6 cities across India as the base of two new teams. They were: Ahemdabad, Lucknow, Indore, Guwahati, Cuttack and Dharamsala. In all, 22 bidders had picked up the tender papers but only 9 were qualified for the final bidding at Dubai on Monday.

Story first published: Monday, October 25, 2021, 22:53 [IST]
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