The names of the five franchises in the Women’s Indian Premier League (WIPL) will be revealed today, kicking off the inaugural season (January 25). Seven India Premier League (IPL) teams are among the 17 entities that have placed bids for five teams. Adanis and Ambanis are expected to be among the high-profile bidders for a WIPL franchise.
Congratulations @viacom18 for winning the Womenโs @IPL media rights. Thank you for your faith in @BCCI and @BCCIWomen. Viacom has committed INR 951 crores which means per match value of INR 7.09 crores for next 5 years (2023-27). This is massive for Womenโs Cricket ๐๐ฎ๐ณ
— Jay Shah (@JayShah) January 16, 2023
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How will the procedure be carried out?
The WIPL franchise auctions will take place on Wednesday (January 25) afternoon, with representatives from all 17 corporations in attendance. A close bid method will be used to identify the auction winners and who will receive a WIPL franchise.
The BCCI listed an important eligibility condition for bidding as part of clearing the technical-bid process: bidders must have an audited net worth of at least INR 1000 crore as of March 31, 2022.
What was the technical bid deadline?
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The technical bids were submitted on Monday by the Mumbai Indians, Kolkata Knight Riders, Royal Challengers Bangalore, Rajasthan Royals, Punjab Kings, Sunrisers Hyderabad, and Delhi Capitals. The teams have a large fan base and will want to extend it after investing substantially in the SA20 in South Africa and the ILT20 in the UAE.
Who are the top bidders?
Adani Group, Capri Global, Haldiram’s Group, Torrent Pharma, Apollo Pipes, Amrit Leela Enterprises, Shriram Group, and Slingshot 369 Ventures Private Limited are among the companies that may submit financial offers.
Each WIPL match is worth Rs 7 crore
The WIPL’s broadcasting rights were recently sold to Viacom 18 for a whopping Rs 951 crore. The agreement values each WIPL match at Rs 7 crore, marking another another significant milestone in the women’s game.
On the other hand, ten cities are competing to host the WIPL, including Ahmedabad (Narendra Modi Stadium, capacity 112,560), Kolkata (Eden Gardens, 65,000), Chennai (MA Chidambaram Stadium, 50,000), Bengaluru (M Chinnaswamy Stadium, 42,000), Delhi (Arun Jaitley Stadium, 55,000), Dharamsala (HPCA stadium, 20,900), Guwahati (Barsapara Stadium, 38,650
Auctions in the first week of February?
Each club would have an auction sum of INR 12 crore to create their squads for the inaugural season. The auction date has not yet been formally confirmed by the BCCI, although it is believed to occur in the first week of February.
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