Auction for two new IPL teams likely on October 17

NEW DELHI: The Board of Control for Cricket in India (BCCI) will "most likely" hold the auction for the two new Indian Premier League (IPL) teams on October 17, sources told IANS. "Yeah, the auction will be held, most likely, on October 17 and clarifications on the same can be sought up to September 21, the ITT (Invitation To Tender) document will also be available for purchase till October 5," said a BCCI official. "However, the confirmed date and venue will be intimated to the bidders later."

A bidder can bid for two to six cities, and currently, Ahmedabad, Lucknow, Indore, Cuttack, Guwahati and Dharamsala are available for bidding.

The BCCI had already made it clear that each bidder would have a net worth of Rs 2500 crore and the company has to have a turnover of Rs 3000 crore. IANS

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