Jubilee Post News & Views
Special Desk
Lucknow, the city is now a ‘cricket team’ worth Rs 7,090, for the IPL matches along with Ahemdabad.
RPSG Ventures Ltd. has bagged the ownership rights of the Lucknow franchise for Rs 7,090 crore while private equity firm Irelia Company Pte Ltd. (CVC Capital Partners) has bought the Ahmedabad team for Rs 5,625 crore.
As the auctions began in Dubai cricket fans who had last discussed the India-Pakistan match were curious to know who gets the Lucknow team and the suspense was soon over. Both the cities have big stadiums. Lucknow has Atal Bihari Vajpayee Ekana Stadium, one of the best stadiums in the world with seating capacity of over 50K. Narendra Modi Stadium in Motera, Ahmedabad, has a seating capacity of more than 100,000.
IPL 2022 will see the addition of two new franchises. In the press note announcing the allotment of the teams, BCCI also said IPL 2022 will feature 74 matches where each team will play 7 home and 7 away games.
In all 22 companies had picked up tender document worth ₹10 lakh. ‘It is heartening to see the inclusion of two new teams at such a high valuation, and it reiterates the cricketing and financial strength of our cricket ecosystem.
True to IPL’s motto of ‘Where Talent Meets Opportunity’, the inclusion of two new teams will bring more domestic cricketers from our country to the global stage.’ BCCI President Sourav Ganguly said after the announcement.
The base price for the new teams was set at Rs 2,000 crore. RP-Sanjiv Goenka group is not new to the IPL and had owned a team before this by the name of Rising Pune Supergiant in 2016 and 2017. They, along with Gujarat Lions, featured as the two-season replacements for Chennai Super Kings and Rajasthan Royals, who were suspended.
