Manchester United owner Glazer family arrive in UAE for bidding process, two new IPL teams to be confirmed today
The Glazer family, owners of Manchester United, have arrived in the United Arab Emirates with the documents ready to bid, and the winners of the offer as well as two new teams will be named today according to TOI sources. IPL 2022 will certainly see 10 teams instead of 8, and a mega auction is expected to take place at the end of the year. The two new IPL teams have yet to be named and the bidding process is expected to end today.
Regarding the TOI sources, Ahmedabad, Lucknow, Indore, Cuttack and Guwahati are in the running to be chosen as the next two teams, so it will be interesting to see what happens if Man United Owner wins the auction. The winner of the offer will have the luxury of owning the franchises while Adani Group, Torrent Group, RP-Sanjiv Goenka Group, Capri Global and Hindustan Times Media are some of the big names expected to sit at the table. auction. .
Industrialist Naveen Jindal is also showing interest
Naveen Jindal, 51, has reportedly expressed interest in purchasing an IPL franchise, which is surprising as it has been linked with steel and energy. Naveen Jindal is a former Member of Parliament and billionaire industrialist, and he’s looking to build an IPL franchise out of Cuttack by partnering with the government led by Naveen Patnaik.
“Odisha’s government will wholeheartedly support Odisha’s franchise as it has supported all other sports over the past few years,” Sources according to TOI.
Offer policies unclear according to BCCI sources
BCCI sources are unclear on how the bidding process is likely to go as bidders are unaware of the value of other bidders entering the bid table. With over 20 parties having been registered for the tender, Taj Dubai has been appointed as the tender submission center.
“Anyone who shows up at the auction table will expect to know the value of all other bidders, regardless of the winning bid.” according to TOI sources.
The winner of the bidding process for two new IPL 2022 teams is expected to be announced on Monday, October 25 at 11 a.m.
