| MUMBAI:
The Indian Premier League (IPL) said Sunday that the invitation to the tender
document for the two new franchises will be available at the BCCI – IPL office
at Cricket Center Mumbai from 10 am on 22 February.
The interested parties
need to make a payment of Rs. 500,000. The demand draft should be drawn in favour
of the Board of Control for Cricket in India (BCCI).
This
will mark the start of the global tendering process for the two new official franchises
in the IPL. All bidding parties though will need to fulfill the eligibility criteria
and other requirements specified in the Invitation to Tender.
The winning
bids for the two new IPL franchises will be opened in Mumbai at noon on 7 March.
The two new IPL teams and their management teams will then get full access to
IPL 2010 to better prepare them for IPL Season 2011. The two new IPL franchises
will also enjoy the same opportunity (if applicable and subject to qualification)
to compete in each and any Champions League Twenty20 that is staged from 2011
onwards. The
IPL has also announced the names of 12 cities with cricketing infrastructure and
stadia that will be eligible to invite bids for the two new franchises. The cities
eligible for inviting bids to be host cities of the IPL franchises are Ahmedabad,
Nagpur, Kanpur, Dharamsala, Indore, Cuttack, Gwalior and Vishakapatnam. In addition
to these cities, Rajkot and Pune, with stadia already under construction, and
Baroda and Kochi, which will have new stadia going under construction, will also
be eligible. A
base price of $225 million per franchise has been set for the two new franchises. | 
