BCCI hopes new IPL sides will be sold for Rs 7k-10k cr

Sourav Ganguly. Pic/Suresh Karkera

The Indian cricket board will be expecting the two new IPL franchises to go for Rs 7000 crore to Rs 10,000 crore each after the bidding process begins here on Monday.

It is still not clear whether the BCCI will announce the successful bidders on Monday itself after doing the technical evaluation of the bids.

There are 22 companies which have picked up tender document worth Rs 10 lakh but with base price for new teams pegged at Rs 2000 crore, there is expected to be only five to six serious bidders in fray. The BCCI is also allowing a consortium of up to three companies/individuals to bid for a franchise.

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