IPL 2022 New Teams: Shane Warne stumped by money spent

IPL 2022 New Teams: Former Australia spinner Shane Warne has said that after seeing the amount spent for two Indian Premier League (IPL) teams, one has to realise why cricket has become the second most popular sport in the world.

IPL 2022 New Teams: Shane Warne completely stumped by money spent for two new teams, declares, ‘Cricket is 2nd most popular sport’

“Wow!Congratulations to both of the new franchise owners. Staggering amounts of money for each team & shows why cricket has become the 2nd most popular & biggest sport on the planet. $932 & $692 million dollars (USA). Well done to @SGanguly99 & everyone at the @BCCI on the @IPL,” tweeted Shane Warne.

BCCI announced the following successful bidders for two new teams on Monday (subject to definitive documentation and other formalities being completed): RPSG Ventures Ltd. – Lucknow (for INR 7,090 crores) and Irelia Company Pte Ltd (CVC Capital Partners) – Ahmedabad (for INR 5,625 crores).

Wow ! Congratulations to both of the new franchise owners. Staggering amounts of money for each team & shows why cricket has become the 2nd most popular & biggest sport on the planet. $932 & $692 million dollars (USA). Well done to @SGanguly99 & everyone at the @BCCI on the @IPL https://t.co/pFkhKqv9ln

— Shane Warne (@ShaneWarne) October 25, 2021

The new franchises will participate in IPL from the 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play seven home and seven away matches.

IPL 2022 New Teams: BCCI richer by ₹12,715 Crore, Lucknow franchise sold for ₹7090 Cr, Ahmedabad bought for ₹5625 Cr

IPL 2022 New Teams: Shane Warne completely stumped by money spent for two new teams, declares, ‘Cricket is 2nd most popular sport’

BCCI President, Sourav Ganguly said: “The BCCI is happy to welcome two new teams from the next season of the Indian Premier League. I would like to congratulate RPSG Ventures Ltd & Irelia Company Pte Ltd for being successful bidders. The IPL will now go to two new cities in India viz in Lucknow and Ahmedabad. 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.”

IPL New Teams: Sourav Ganguly not surprised with bidding amounts; Sanjeev Goenka expecting team’s valuation to go up by few times in 10 years

“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. The ITT process included two interested bidders from outside of India, which strongly emphasises the global appeal of the IPL as a sports property. The IPL is proving to be a wonderful instrument in globalising the game of cricket. I am keenly looking forward to IPL 2022,” BCCI President, Sourav Ganguly added.

Cricket