Indian Premier League: Board of Control for Cricket in India Names Pune, Rajkot as New Cities
Indian Premier League will have new teams from Pune and Rajkot for a period of two years, according to the Board of Control for Cricket in India. The new sides replace the suspended Chennai Super Kings and Rajasthan Royals.
New teams from the cities of Pune and Rajkot will feature in the Indian Premier League 2016 and 2017.
In fresh bids in New Delhi on Tuesday, the Board of Control for Cricket in India announced that New Rising (Pune) and Intex (Rajkot) will be the new franchises in the lucrative Twenty20 championship.(Chennai, Rajasthan Players to Play for New IPL Teams)
Pune and Rajkot replace Chennai Super Kings and the Jaipur-based Rajasthan Royals. Both teams, former IPL champions, were suspended by a Supreme Court appointed panel because their team owners - Gurunath Meiyappan (Chennai) and Raj Kundra (Rajasthan) -- were charged with betting and sharing team information with bookies during the 2013 edition of the tournament.
The new cities were chosen after a reverse bidding process in which a franchise that claims the least from the BCCI's coffers (mainly earned from broadcast and sponsorship fees), wins.
However, Sanjeev Goenka's New Rising and Intex (a mobile company) did not ask for any BCCI assistance.
On Tuesday, five bids were finally submitted after more than 20 companies had showed initial interest by picking up application papers.
New Rising were the best bidder, offering to pay the BCCI Rs 16 crore. Intex were second best by agreeing to pay the Board Rs 10 crore.(Delhi Daredevils Sack Gary Kirsten as Coach)
This was the first time the BCCI adopted walk-in reverse bidding policy to ensure that the valuation of the teams did not go below the base price of Rs 40 crore-a-side.
Interestingly, Chettinad Cement of Chennai were one of the unsuccessful bidders. The company is owned by a group led by ex-BCCI president AC Muthiah.
Chennai Super Kings were owned by India Cements, whose managing director was the controversial BCCI president N. Srinivasan. Meiyappan is Srinivasan's son-in-law.
Muthiah was Srinivasan's one-time mentor and don't see eye to eye now.
IPL season to begin on April 9
- IPL 9 will start on April 9, six days after the World Twenty20 final in Kolkata, and end on May 26
- Mumbai will host the IPL season-opener and final
- According to BCCI president Shashank Manohar, the player auction will be held in Bangalore on February 6
- He also said the franchises will take part in a two-day workshop in Srinagar, on January 13 and 14
The Sanjeev Goenka-owned New Rising consortium and mobile phone manufacturer Intex have won ownership rights of the two new franchises in the IPL. New Rising have picked Pune as their home base, while Intex have opted for Rajkot.
New Rising bid Rs minus 16 crore while Intex quoted minus 10 crore in the reverse bidding process through which the new franchises were chosen.
In a short media briefing, IPL chairman Rajiv Shukla said a total of five bidders had entered the fray to bid for the ownership rights of the two new franchises that would replace Chennai Super Kings and Rajasthan Royals, who were both suspended for two years by the RM Lodha panel investigation in 2013 IPL corruption scandal. Harsh Goenka's RPG group, Chennai-based cement major Chettinad Group and Axis Chemicals were the other three bidders.
Under reverse bidding investors were encouraged to bid for lower than the base price of Rs 40 crore set by the IPL. This meant the BCCI would pay a maximum of Rs 40 crore from its central revenue pool to the new owner. The investor who bid the lowest price would eventually bag the ownership rights. Having bid in the negative, New Rising will now pay Rs 16 crore while Intex will pay Rs 10 crore to the BCCI per year of their contracts.
The next step for both new franchises will be taking part in a player draft on December 15, where both teams will pick five players each from a pool of Chennai Super Kings and Rajasthan Royals players. Having finished as the lowest bidder, New Rising will get to pick the first player from the 10-player pool. Intex will pick the second player and both teams will alternate thereafter.
Goenka has business interests spread across different domains such as power, information technology and media and entertainment. Goenka is also a part of the Kolkata Games and Sports Pvt.Ltd consortium that owns the football franchise, Athletico de Kolkata, in the Indian Super League
The Delhi-based Intex Technologies specialises in manufacturing smartphones and consumer electronics durables, "I am personally a great sports enthusiast and a cricket lover. We have a great synergy with cricket," Keshav Bansal, the director of Intex, said. "Nothing bigger than the IPL to connect with the youth, which is our target audience. Gujarat is a great cricket-loving state."
For the ten Super Kings and Royals players chosen, the BCCI has applied the same money brackets it put in place two years ago when the other six franchises were allowed to retain five players. The first player gets Rs 12.5 crore, the second Rs 9.5 crore, the third Rs 7.5 crore, the fourth Rs 5.5 crore and the fifth Rs 4 crore. An uncapped player stands to earn Rs 4 crore if he is picked. Irrespective of the IPL fee agreed between the franchise and the retained player, a fixed amount will be deducted from the franchise's salary cap per player retained.
Incidentally, at the franchise auction, all five bidders opted for more than one city from the nine available. The four bidders other than Intex all had Pune on their roster. New Rising bid Rs minus 11 crore for Nagpur. Intex also bid for Nagpur and Visakhapatnam, but quoted Rs 10 crore for each of the two cities. Chettinad, meanwhile, quoted Rs 27 crore for both Pune and chennai. RPG bid Rs 17.88 crore for Pune and Rs 20.88 crore for Rajkot. Intex bid Rs 10 crore for both Kanpur and Visakhapatnam. Axis, meanwhile, quoted Rs 15 crore for both Nagpur and Kanpur and Rs 10 crore for Pune
The bidding process lasted for about an hour and was a two-part exercise: the first half involved determining the mandatory technical eligibility of the five bidders followed by a check on the the financial eligibility of the five bidders.
Players' Draft on December 15
The new teams will now have the option to choose from the top five players each from Chennai Super Kings and Rajasthan Royals. This will be decided during a players' draft on December 15.
The trading window for the other six teams also starts on the same day.
Both Pune and Rajkot will have a purse of Rs. 66 crore each to pick their players.
The same price band will be applicable for the five capped players, with the first player getting Rs. 12.5 crore and the fifth pocketing Rs. 4 crore.
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written by ~ CHARITHARDHA
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