IPL Can Have 10 Teams From Next Edition: Details And Process Explained
After the successful edition of this year’s IPL despite the Covid-19 pandemic, former India captain Rahul Dravid, had advocated for an expansion of the league as he believed that the stage is set for the IPL to expand its wings without compromising on the quality.
As per reports, the BCCI is ready to welcome two new teams into the fold. A formal approval in this regard will be taken at the cricket board’s 89th Annual General Meeting (AGM) on December 24.According to a BCCI official, there are four cities which are the frontrunners to get the approval and these include Ahmedabad, Thiruvananthapuram, Lucknow, and Guwahati.
Ahmedabad is all but certain to be the ninth team as the renovated Motera Stadium has become the world’s largest cricket stadium – with a seating capacity of 110,000, it has been completed at a cost of Rs 700 crore. It was scheduled to host the first match in March this year, but it has to now wait for its first match when England tour India in February-March next year.
So, who would own these franchises?
This would be picked through a bidding process and as per BCCI, the cities would be picked first and it would then be followed by an invitation to tender.
This year, the BCCI raked in Rs 4,000 crore as revenue from the IPL and TV viewership show an unprecedented spike – it rose by about 25 percent from last year.
We also have to speak about the broadcast deal – as per the current arrangement, the deal is effective till 2022, where the official broadcaster coughs up Rs 3,270 crore per year. Now, if two more teams are added to the fold, it will also see an increase in the broadcast revenue. Also, the title sponsor will have to figure out the increased broadcast rights and the cost will be adjusted accordingly.