Ipl New Team – IPL 2021: Just one new team for IPL 2022? New speculations emerge on nine-team IPL. IPL 2022 will reportedly see the addition of just one new team instead of two as BCCI mulls over logistics.
The Board of Control for Cricket in India (BCCI) said during the 89th Annual General Meeting held in Ahmedabad that a 10-team IPL will be possible in the 2022 edition. This meant that the 2022 edition would see two new teams enter the fray. Earlier there were rumors that Malayalam superstar Mohanlal and Bollywood star Salman Khan would apparently be vying for the ownership. However, the BCCI has now reportedly decided to change its stance as reports have surfaced that IPL 2022 may go ahead with only nine teams instead of 10 teams. According to a report by the Times of India, the addition of the two new teams could lead to a change in the entire format of the league stages, which would require a renegotiation of talks with the Indian Premier League partners.
Ipl New Team
More importantly, the IPL’s media rights expire in 2023 and if BCCI is to get much value, it may make sense to delay the arrival of the 10th team, at least for a couple of seasons. Tenders for the new round of IPL media rights will be announced by the end of this year. So, IPL 2023 or even before IPL 2024, there could be new media broadcasting rights that could fetch BCCI a huge sum, along with the stakes a potential 10th team would fetch.
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The International Cricket Council is busy working on the Future Tours program and the IPL has a special window for this between April and May. However, with the possibility of two new teams and a schedule that is still uncertain due to the coronavirus pandemic, adding two teams will have many logistical challenges. Counting home and away for the nine teams leaves 74 league games still viable. The 10-team IPL could see the tournament extended by another month.
A 10-team IPL in 2022 could make the situation when it comes to money and scheduling too difficult for the BCCI. If such a move happens, it is even doubtful that IPL 2022 will see a mega auction as the addition of just one new team may not lead to too many changes in the core of other sides. Once the 10-team IPL is officially announced, the BCCI can go for a mega auction at the right time in addition to the new round of media rights.
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Ipl Sells Two New Franchises For Eye Watering Sum
IPL 2022 welcomes two new franchises and with them comes a whole host of questions like how will they affect the format of the tournament? This will not be the first time that the IPL will consist of 10 teams – it already happened ten years ago. The BCCI confirmed in a release that the season will consist of 74 matches (up from the current 60), with each team playing seven home games and seven away games. This means that the tournament will likely return to the format used in 2011. The 10 teams were then split into two groups of five, but ranked in the same overall points table. Each team played the other four in their group both home and away (eight matches), the four teams in the other group once (four matches, home or away) and the remaining team in the other group twice, both at home. and away. A random draw determined the composition of the groups, as well as who played whom in groups once and twice. The last time more than eight teams played in the IPL was in 2013 when nine teams participated and played a total of 76 matches.
Will this affect player retention? The IPL has not shared any specific details of its retention policy with franchises, but it is now known that there will be no eligible cards. It is also likely that the franchise will be allowed to retain a maximum of four players, with local and foreign combinations yet to be established. The two new franchises will then have the opportunity to buy an equal number of players before the auction through the draft system. , the same one used in 2016 when Rising Pune Supergiant and Gujarat Lions briefly replaced Chennai Super Kings and Rajasthan Royals. Will this affect the value of the original eight franchises? Yes. The higher the amount the two new entrants bid for their franchises, the higher the amount the original eight will get if they ever decide to sell, as Delhi Capitals did in 2018 when Jindal South West (JSW) bought a 50% stake in GMR. group. At that time, the valuation of the Delhi franchise was around INR 1,100 crore and JSW paid half of that amount. So, it is not the end for the people who lost out in buying an IPL team on Monday. They can still buy a stake in an existing franchise for less and enjoy the privileges of being an owner. at least INR 3,000 crore, then each of the original eight would have a minimum value close to INR 2,500 crore. And two new franchises were sold for much larger sums: Rs 7,090 crore (Lucknow) and Rs 5,625 crore (Ahmedabad). Is there a downside to paying such huge sums of money to own an IPL team? Paying such huge sums to the BCCI means that new franchises will take a lot longer to turn a profit. The franchise has three main revenue streams: central rights revenue (share of revenue from media rights and central sponsorship), team sponsorship and gate revenue. After the record amount paid to Star India in 2017 for media rights, each of the existing eight franchises have earned around INR 200 crore from the central pool of IPL media rights. It is bound to become even bigger as a result of Monday’s events, potentially reaching the mark of INR 275-350 crore per season for the franchise over 10 years. All franchises derive their primary income from a central pool of IPL media rights. New franchisees will be required to pay their application amount over a 10-year period. From year 11 each franchise has to pay 20% of its total revenue as franchise fee to BCCI.
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