IPL auction set to take place in February first week

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20 Dec 2021 | 05:13 AM
authorBastab K Parida

IPL auction set to take place in February first week

The 2022 mega auction will be a two-day affair, just like it was in 2018, but in a bigger way, with the IPL set to return to its 10-team formula

The Indian Premier League Governing Council have decided to conduct the 2022 IPL mega auction in the first week of February after extending the deadline for the draft pick for the two new franchises. Cricket.com can exclusively confirm that the IPL GC has intimated the details to the franchises but the lack of clarity regarding a final decision on the CVC Sports’ association in the IPL has propelled the board to delay the auction process.

CVC Capital Partners, a British private equity and investment advisory firm, acquired the Ahmedabad franchise for INR 5625 crore but is yet to get the letter of intent from the BCCI. The matter in fact sits with Solicitor General of India, Tushar Mehta, and a clear decision hasn’t arrived yet.

While the franchise hasn’t made more progress in terms of signings, apart from roping in former IMG director Peter Griffith, it seems like they will have the nod by the end of this month. Keeping everything in mind, the board has decided to conduct the IPL auction in the first week of February, for which the venue is yet to be decided.

Sources close to Cricket.com further confirmed that it will be a two-day affair, just like it was in 2018, but in a bigger way, with the IPL set to return to its 10-team formula. Bangalore and Hyderabad are the two possible venues for the auction due to a comparatively better screening process in those two cities.

The IPL 2022 is slated to start on April 2, tentatively as of now.

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