The owners of the men’s IPL teams Mumbai Indians, Delhi Capitals and Royal Challengers Bangalore, as well as the Adani Group and Capri Global, have won bids to own the five women’s IPL teams up for auction ahead of the inaugural edition to be played in March. year. The tournament will be known as the Women’s Premier League (WPL) and the teams will be based in Mumbai, Delhi, Bengaluru, Ahmedabad and Lucknow respectively.
The auction, held earlier today in Mumbai where the winners were identified after opening sealed bids, brought the BCCI a record amount of INR 4669.99 crore (approximately USD 572.78 million). The Ahmedabad team was sold for the highest price: INR 1289 crore (approx USD 158 million), followed by Mumbai (INR 912.99 crore / USD 111 million approx), Bengaluru (INR 901 crore / USD 110 million approx), Delhi (INR 810 crore/$99.35 million approx) and Lucknow (approximately INR 757 crore/$92.85 million).
Arun Dhumal, the chairman of the IPL, said finalizing the schedule and travel plan for the first season of the WPL was “a work in progress”. A player auction will also be held, details of which are yet to be released.
A total of 16 entities participated in the franchise auction on Wednesday after 17 entities reportedly submitted their bids.