WIPL Teams Auction: Deadline ends, IPL Teams, Adanis, Ambanis, Glazers & others SUBMIT Technical BIDS, CSK, GT, LSG PULL OUT: Follow LIVE

WIPL Teams Auction – Women IPL Teams: Another BIG DAY for Women Cricket in India has arrived. Today, top corportate hosues of the country officially entered the fray to buy teams in Women Indian Premier League (WIPL). IPL Team owners, Adanis, Ambanis, Glazer family are among 20 other business houses that have picked WIPL Team Tenders. The interested parties have submitted their technical bids, with CSK, GT and LSG opting out. The FINANCIAL bids will be placed on Wednesday. Experts believe teams could be sold in the 500 to 600 crore range: Follow IPL 2023 LIVE Updates with InsideSport.IN

Technical BIDS have been placed today.
Board to evaluate TECHNICAL bids by TUESDAY evening
Mumbai-based law firm Argus Partners will evaluate the TECHNICAL Bids for the BCCI
Parties cleared by the BCCI will be asked to place Financial BIDS by Wednesday
Market experts teams are expected to shell out in the “range of 500 to 600 crore INR” per team.
Reports suggest that CSK, Gujarat Titans and LSG have pulled out of the race.
Adani, Haldirams, Torrent Pharma have all made their interest known.

Women IPL 2023 Franchises: MI, CSK, KKR, SRH, PBKS, GT, DC, RR pick…

WIPL 2023: BCCI set for another Rs 4000 crore WINDFALL, Women IPL Franchises set to go for ‘500 – 600 crore’ – Check out

WIPL Teams Auction: Deadline ends, IPL Teams, Adanis, Ambanis, Glazers & others SUBMIT Technical BIDS, CSK GT, LSG PULL OUT: Follow LIVE UPDATES

Women IPL Teams Auction – Who all are participating? InsideSport earlier had reported that almost 30 business houses have bought the tender document.

The BCCI are expecting a huge windfall with more than 30 companies entering the race to own a franchise. The inaugural WIPL season will have 5 teams with all 10 IPL franchises and other companies also in contention to own a WIPL team. Among the interested companies are Haldiram, Infosys, Shriram Group, Manchester United owners, Adanis and all 10 IPL Team owners.

Besides the renowned brands, Mumbai-based Route Mobile has also picked up bid documents. Route Mobile is among the leading Cloud Communications Platform service provider. The company has already brought former England captain Kevin Pietersen and West Indies legend, Sir Viv Richards, to lay the foundation of a women’s team.

WIPL Teams Auction: Deadline ends, IPL Teams, Adanis, Ambanis, Glazers & others SUBMIT Technical BIDS, CSK GT, LSG PULL OUT: Follow LIVE UPDATES

Besides the new entrants, defending IPL champions Gujarat Titans, Delhi Capitals Chennai Super Kings, Kolkata Knight Riders, Rajasthan Royals, Sunrisers Hyderabad, and Punjab Kings all have confirmed that they will be bidding for WIPL Teams. The base price is not set and bids will be accepted for a 10-year period (2023-32).

The BCCI has imposed a net worth clause of INR 1000 crore.
No BASE-PRICE for the BIDDING kept
WIPL Media Rights were auctioned for 951 Crores to VIACOM-18 for a period of 5 years.

“WIPL has huge potential but most of the legacy teams would like to mix optimism with pragmatism. Expect a few bids in the range of Rs 500 crore upwards. Rs 800 crore plus could be a bit ambitious but BCCI won’t complain,” an industry insider, who has previously worked on men’s IPL team bid, told PTI ahead of the auction.

As per reports, Indian snack and restaurant firm Haldirams also have expressed their interest in purchasing the Women IPL team. Haldirams picked up the document just a couple of days before the January 21 deadline. The ITT has been available for purchase for a non-refundable fee of Rs five lakh.

The BCCI has listed 10 Indian cities and the venues in the tender, which allows a single party to bid for more than one city. The bids will be accepted for a 10-year period (2023-32).

WIPL 2023: Who is interested?

ILT20 owners Adani (Gulf Giants) and Capri Global (Sharjah Warriors) have also picked up the tender.
Glazer Family, who own Manchester United, have also taken up the tender.
Two cement companies – Chettinad Cement and JK Cement, have picked up the document.
Chennai-based Shriram Group, Nilgiri Group and AW Katkuri Group are also in the fray.
The GMR Group and JSW Group – joint owners of Delhi Capitals, have taken up separate ITT.
APL Apollo and Haldiram are also in the fray.

The BCCI will open the sealed bids on January 25 and will announce the winner of the franchises.

WIPL 2023 Teams Auction – Why so much of interest?

30 Companies have already picked the TENDER Documents
All 10 IPL Teams are in the fray to acquire WIPL Franchises.
WIPL Media Rights Auction to give confidence to the POTENTIAL BUYERS
From the media rights value, the teams will get at least Rs 25 crore initially (on 80:20 ratio) and they can earn up to 30 crore a season.
This should take care of the large chunk of yearly franchise fee.
WIPL Team Auction is scheduled for January 25th
January 23 is the deadline to submit the technical bids for evaluation. The BCCI will conduct evaluation along with the Mumbai-based law firm Argus Partners.

The BCCI has earmarked March as the window for the WIPL in the tender. While the BCCI has not formally announced the dates for the inaugural season, it is expected to start around March 5 and finish around March 23.