Following the decision by the BCCI to ban Chennai Super Kings and the Rajasthan Royals from IPL on the recommendation of a Supreme Court-appointed panel, fresh auctions were conducted to fill the void left by the two teams.
The cricket board announced on Tuesday that Pune and Rajkot will be home to two new franchises in the Indian Premier League for the next two years.
Here are seven things you should know about the auctions, the teams and the IPL 9 schedule.
1. Two new franchises
Two new franchises, based out of Rajkot and Pune, won bids to be part of the 2016 IPL. New Rising, a consortium led by Sanjiv Goenka, chairman of the RP-Sanjiv Goenka Group, bagged the Pune team, while mobile manufacturers Intex made a successful bid for Rajkot.
2. Will the players be retained?
The interim franchisees can opt to retain the cricketers of CSK and RR through a draft system.
The cricketers will be divided into two groups, capped and uncapped, and the top names will be sold through the draft system. The two new teams will have a minimum of Rs 40 crore and a maximum of Rs 66 crore to buy players.
The draft pick will be held on December 15. Pune will pick the players first. The IPL auction for the rest of the players will take place on February 6 in Bengaluru.
3. What will happen to CSK and RR?
Both Chennai and Rajasthan are expected to return to the IPL after their bans end in 2018. But Manohar said there has been no decision on the return of CSK and RR.
“We have not taken a call on it as of now. They stand suspended. Today’s winning bidders will exist for two years,” Manohar clarified.
4. Reverse bidding
A reverse bidding process was employed for the selling of the teams and the bidders were stipulated to quote an amount less than Rs 40 crore. The lowest bidder won the right for the franchises.
Goenka will pay Rs 16 crore per year for two years to the BCCI. Intex Mobiles will shell out Rs 10 crore for the period. The BCCI is set to gain more than Rs 360 crore, according to board president Shashank Manohar.
5. Who were the other bidders?
Three more bidders were in the play. They were Harsh Goenka of RPG properties, Chennai-based Chettinad Cement and Axis Clinical.
Chettinad quoted Rs 27 crore for Pune and Chennai while RPG bid Rs 17.88 crore for Pune and Rs 20.88 crore for Rajkot. Axis’ bids were Rs 15 crore for Nagpur and Kanpur, and Rs 10 crore for Pune.
6. When is the next season starting?
The ninth edition of the IPL in 2016 will be held from April 9 to May 29.
The tournament will begin five days after conclusion of the ICC World Twenty20 which will also be hosted by India.
The ninth edition will conclude on May 29.
7. Ganguly not involved
As soon as the announcement was out that one of the franchises was from Pune, Twitter was abuzz with rumours that Ganguly will either be a mentor or co-owner of the team.
But the owner of the Pune IPL franchise Sanjiv Goenka on Tuesday ruled out the rumours as baseless.
“You all are being hypothetical that I’m going to rope in Sourav. We have not even thought about it. There has been no dialogue or discussion with Sourav whatsoever. I was generally speaking to him about cricket and he looked away. That was in the last football match. I was generally asking him, what do you think,” Goenka said.
(With inputs from Agencies)