BCCI Invites Bids From “Reputable Entities” To Own And Operate A Women’s IPL Franchise Sport-rated
On Tuesday, January 3, the Cricket Board of Control in India (BCCI) announced the launch of an invitation to bid for the right to own and operate a Women’s Indian Premier League (Women’s IPL) franchise.
The highly anticipated women’s IPL is set to kick off this year and the main tournament is set to have 5 teams. The Board of Control for Cricket in India (BCCI) has not announced the official dates of the tournament.
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However, reports claim that the women’s IPL will start after the ICC Women’s T20 World Cup 2023, which is scheduled to conclude on February 26, and before the start of the men’s IPL 2023, which is supposed to start on April 1. According to reports, the women’s IPL is likely to be played from March 3-26 in India.
A total of 22 games are expected to be played in the inaugural edition of the women’s IPL. In the group stage, 20 games will be played as each team will play twice against the other and the top of the table will qualify directly for the final. Likewise, the second and third classified will play a tie to decide the second finalist.
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BCCI Invites Bids for Women’s IPL Franchise
On Tuesday, January 3, the Board of Control of Cricket in India (BCCI) issued an official statement mentioning that entities will be required to make a non-refundable INR 5 lakh payment by January 21. to access the Invitation to Bid (ITT).
Also, it was mentioned in the official statement that both Indian and foreign entities can purchase the ITT. Notably, several IPL men’s team owners have shown interest in acquiring women’s teams.
“The IPL Governing Council invites bids from reputable entities to acquire the right to own and operate a team in the Indian Women’s Premier League, through a bidding process.
“Detailed terms and conditions governing the bidding process, including eligibility requirements, bid submission process, the rights and obligations of the proposed team, etc., are found in the ‘Invitation to Bid’ (“ITT”). ) which will be available upon payment of a non-refundable fee of INR 5,00,000 (only Rs 5 lakhs) plus any applicable G&S tax. The procedure for obtaining ITT documents is included in Annex A of this document. The ITT will be available for purchase until January 21, 2023,” the BCCI said in an official press release.
“Interested parties are requested to send by email the details of the payment made for the purchase of the ITT to [email protected] according to the procedure established in Annex A. It is clarified that the ITT documents will be shared only after receiving the payment of the non-refundable fee as indicated above.
“Any interested party who wishes to submit an offer must purchase the ITT. However, only those who meet the eligibility criteria established in the ITT and subject to the other terms and conditions established therein, will be eligible to submit bids. It is clarified that the mere purchase of this ITT does not entitle anyone to bid,” the BCCI said in an official statement.
BCCI announces the launch of the invitation to bid for the right to own and operate a team in the Indian Women’s Premier League.
More details here – https://t.co/NamwGwjjDi
— Indian Premier League (@IPL) January 3, 2023
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