BCCI announces two new IPL teams — Check out the owners of Lucknow and Ahmedabad franchises

Board of Control for Cricket in India (BCCI) has announced two new teams Lucknow and Ahmedabad,...

...which will be joining the Indian Premier League (IPL) from next year onwards.

CVC Capital Partners has won the bid for team Ahmedabad for ₹5625 crore.

Sanjiv Goenka’s RPSG Ventures will be owning the Lucknow team,...

...which it won for ₹7090 crore, BCCI announced on Monday.

Ahmedabad, Lucknow, Indore, Guwahati, Pune, Dharamshala, Cuttack were the six cities in the fray.

According to the media reports, 22 firms had picked up tender documents starting from ₹10 lakh.

However, the base price per team was pegged at ₹2000 crore.

Adani Group, RPSG Group, Glazer brothers (Owner of Manchester United), and Naveen Jindal...

...were the top picks by the board for the bid document.

BCCI is reportedly expected to earn around ₹5,000 crore-₹7,000 crore from the sale of these two new teams.

In addition, BCCI is also expected to earn around ₹450 crore from its share of broadcasting...

...and sponsorship revenues in the upcoming season of the IPL.

The IPL 2022 season will comprise 10 teams and will have 74 matches,...

...wherein each team will play 7 home and 7 away matches.