Ten parties turned up for two new IPL teams

IPL auctions for two teams successfully concluded at Taj Dubai. A total of 10 Parties came up to submit their bids to acquire the Two IPL teams. A few more parties that were expected to submit their bid could not submit for one or another reason. 

One of the most talked-about bids was of Manchester United that expressed its intention to acquire the IPL team at one of the six cities: Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati, and Indore.

Even the Kotak group that deals in banking and insurance were interested in acquiring the team, they also submitted their bids for the IPL team. The Kotak group is headed by Uday Kotak. They have been making lots of efforts for quite a while to acquire the IPL team. This time, they were helped by a media company to submit a bid. 

Other famous names like Adani group and RPSG group owned by Sanjiv Goenka also submitted their bids in the bidding process. There was also a pharmaceutical company that was most talked about, that was supposed to buy the IPL team, but did not appear in the bidding process. 

Rhiti sports whose promotion is done by the MS Dhoni manager Arun Pandey submitted their bids for Cuttack. However, Rithi sports got late when arriving at the venue of the IPL team auction due to which their bidding was not accepted. 

BCCI said that all the parties have been asked to submit two envelopes- one for personal and financial credentials and the second for the bid. The Board of Control for Cricket in India (BCCI) also said that its legal and audit officials would first check the credentials and once they are satisfied with the first document, Only then they will move on to checking the other document that contains the bid. This process will take some time.