About half a dozen Indian Premier League (IPL) franchises have officially expressed interest in the women’s IPL, but at least three have moved away.
Mumbai Indians, Kolkata Knight Riders, Sunrisers Hyderabad, Rajasthan Royals, Delhi Capitals and Royal Challengers Bangalore showed up with their bidding documents on the day of the WIPL technical tender. However, several high-profile franchises such as Chennai Super Kings and Gujarat Titans have chosen not to claim the WIPL team.
The Lucknow Supergiants are also believed to be out, but there was no immediate confirmation of a 10th team, the Punjabi Kings. was also set. It was not immediately clear which parties on the non-IPL side had filed the documents, but Ahmedabad giants Adani Group and Torrent Pharma are also business houses eyeing the IPL side and have officially showing interest. Over 20 non-IPL companies including: Uday Kotak, Chettinad Cement, JK Cement, AWL Appollo, Nilgiri and Haldiram have accepted the Tender Documents (ITT).
As previously reported by Cribbuzz, Monday (January 23rd) was the day to submit the credentials to the paperwork. Those who meet the criteria set by India’s Cricket Control Board (BCCI) are eligible to participate in the financial auction on Wednesday. The most important requirement is the Net Worth Clause of Rs 1000. A Chennai Super Kings official confirmed the decision and said it was a strategic business call, but a representative for the Gujarat Titans said the focus of the franchise, owned by US private equity firm CVC Capital, would be on a defense IPL. He said he was on the men’s team. champion. LSG representatives did not respond to messages from the site.
The Delhi Capitals promoter told Cricbuzz that the franchise is represented by his two owners. Capitals franchises owned by GMR and the JSW Group will bid jointly, but both groups purchased ITT separately.
At the time of press, a verification process was underway. BCCI will inform parties that the evaluation process will continue for another day and will announce the number of parties eligible to participate in the financial tender by Tuesday afternoon. It takes place on Wednesday.
Since WIPL is seen as a by-product of IPL, it was always expected that the interest rate level for WIPL would be very high. It must have received more attention from Indian companies after the sale of media rights, which was worth much higher than widely expected (Rs 9.5 crore over 5 years).