NEW DELHI :
The bidding for the 2 new Indian Premier League groups is about to take place on October 17. Interestingly, whereas the final day for queries with reference to bidding for the groups is September 21, the bids could be picked until October 5.
Speaking to ANI, sources within the know of developments confirmed the identical. “The bidding is about to take place on October 17 whereas queries relating to the identical could be made until September 21,” the supply mentioned.
The (*17*) Council of the Indian Premier League (IPL) had on August 31 invited bids to purchase the precise to personal and function 1 (one) of the two (two) new groups proposed to be launched to take half within the event from 2022 season, by means of a young course of.
“The detailed phrases and situations governing the submission and analysis of bids together with eligibility necessities, course of for submissions of bids, proposed new groups’ rights, and obligations, and many others. are contained within the ‘Invitation to Tender’ (“ITT”) which shall be made obtainable on receipt of fee of non-refundable charge of INR 10,00,000 (Rupees Ten Lakhs Only) plus any relevant Goods and Services Tax,” the BCCI had mentioned in an official launch.
The ITT is on the market for buy until October 5.
Interested events have been requested to ship an e mail at firstname.lastname@example.org to get additional particulars for buying the ITT. The e mail requesting the ITT ought to have the topic line “ITT for the Right to Own and Operate One of Two Proposed New IPL Teams”.
Any occasion wishing to submit a bid is required to buy the ITT. However, solely these satisfying the eligibility standards set out within the ITT and topic to the opposite phrases and situations set on the market in, shall be eligible to bid. It is clarified that merely buying this ITT doesn’t entitle any particular person to bid.
BCCI reserves the precise to cancel or amend the bidding course of at any stage in any method with out offering any motive.
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