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2 new IPL teams: Sanjiv Goenka-owned RPSG group claims the Lucknow franchise. CVC Capital bags the Ahmedabad franchise.

Two new IPL teams confirmed, RPSG & CVC Capital win the bidding process

2 new IPL teams: Sanjiv Goenka-owned RPSG group claims the Lucknow franchise with a bid of ₹7090 crore. CVC Capital, an international investment firm, bags the Ahmedabad franchise with a bid of ₹5625 crore

The bidding process for 2 new IPL teams finally ended Monday night and&nbsp;Sanjiv Goenka-owned RPSG group claimed the Lucknow franchise with a bid of&nbsp;₹7090 crore.&nbsp;CVC Capital, an international investment firm, bagged the Ahmedabad franchise with a bid of&nbsp;₹5625 crore&nbsp;as per BCCI's&nbsp;annoucement.&nbsp;
Both parties&nbsp;put Ahmedabad &amp; Lucknow as their priorities but RP-SG&nbsp;got first choice as they were the highest bidder.&nbsp;The bidding process happened&nbsp;in Dubai and 22 companies picked up tender document worth&nbsp;₹10 lakh.&nbsp;But with base price for new teams pegged at&nbsp;₹2,000 crore, there were only ten serious bidders in fray &amp; 9 eventually qualified on technical grounds.
BITE: SOURAV&nbsp;GANGULY, BCCI&nbsp;President
"We're extremely happy that Indian cricket is growing forward. That is what is important for us. We look at Indian cricket and that's what our job is. The more Indian cricket prosperous, the better it is."

2 new IPL&nbsp;Teams: Sanjiv Goenka-owned RPSG group claims the Lucknow franchise with a bid of&nbsp;₹7090 crore.&nbsp;CVC Capital, an international investment firm, bags the Ahmedabad franchise with a bid of&nbsp;₹5625 crore

The bidding process for <a href="https://www.editorji.com/business-news/2-new-ipl-teams-record-valuations-go-up-on-the-scoreboard-1635217774878" target="_blank">2 new IPL teams</a> finally ended Monday night and&nbsp;Sanjiv Goenka-owned RPSG group claimed the Lucknow franchise with a bid of&nbsp;₹7090 crore.&nbsp;CVC Capital, an international investment firm, bagged the Ahmedabad franchise with a bid of&nbsp;₹5625 crore&nbsp;as per BCCI's&nbsp;annoucement.&nbsp;
Both parties&nbsp;put Ahmedabad &amp; Lucknow as their priorities but RP-SG&nbsp;got first choice as they were the highest bidder.&nbsp;The bidding process happened&nbsp;in Dubai and 22 companies picked up tender document worth&nbsp;₹10 lakh.&nbsp;But with base price for new teams pegged at&nbsp;₹2,000 crore, there were only ten serious bidders in fray &amp; 9 eventually qualified on technical grounds.
Speaking about the development, BCCI&nbsp;president <a href="https://www.editorji.com/story/i-was-surprised-sourav-ganguly-on-virat-kohli-s-decision-to-give-up-t20-captaincy-1634970677271" target="_blank">Sourav&nbsp;Ganguly</a>&nbsp;said that they are&nbsp;extremely happy that Indian cricket is growing forward.
Disclaimer: Editorji is part of RP-Sanjeev Goenka Group
Also read:&nbsp;<a title="IPL franchises allowed to retain 4 players ahead of the mega auction: Report" href="https://www.editorji.com/sports-news/cricket/ipl-franchises-allowed-to-retain-4-players-ahead-of-the-mega-auction-report-1634905481182" target="_blank">IPL franchises allowed to retain 4 players ahead of the mega auction: Report</a>

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