2 new teams in IPL 2022 names
IPL 2022 Team Auction

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2 New IPL teams in 2022 Name: BCCI announced that it would add new two teams to the existing 8 teams in the Indian Premier League. Right after the IPL 2021 where Chennai Super Kings won their 4th IPL trophy, BCCI announced that it would extend the deadline for the new team’s auction registration.

BCCI reports suggest that on October 25, 2021, the auction for the new teams will be hosted and the owners of the new 2 teams will be announced the same day.

2 New Teams in IPL 2022 Name

The new 2 IPL teams’ names will be updated here once BCCI officially announced the name. Don’t worry until that we will update the IPL 2022 new teams auction news here.

Auction Updates

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  • KL Rahul is likely to lead the Lucknow team in IPL 2022.
  • Lucknow IPL franchise has approached Ashish Nehra and Gary Kirsten to be its head coach and consultant for the 2022 season.
  • BCCI & CVC Capital have resolved all issues. After several hours of discussion, BCCI has deemed CVC Capital ‘fit & proper’ to own an IPL franchise. CVC just signed a Letter of Intent (LOI) with BCCI to own the Ahmedabad franchise.
  • CVC Capital who purchased one of the IPL teams are in trouble as BCCI has come to know, they’ve invested in betting companies. As Gambling and betting are banned according to Indian laws, the legalization of the new team gets in trouble.
  • The BCCI gets a whooping 12,690cr (1.7 Billion dollars) from the sale of 2 New IPL Teams.
  • The RPSG bid was 250% more than BCCI’s base price of INR 2000 Crores. The corresponding figure for CVC Capitals was 160% more than BCCI’s base price for the IPL team.
  • The exact winning bid for the new two IPL teams are:
    • RP – Sanjiv Goenka Group – 7,090cr for Lucknow team
    • CVC Capital – 5,625cr for Ahmedabad team.
  • CVC Capital for Ahmedabad and RP Sanjiv Goenka Group for Lucknow are the owners of the new teams in IPL 2022.
  • Adani Group put on bid till 5,000cr, Manchester United owners didn’t close the 5,000cr mark
  • No Adani and Machester United owners for IPL 2022.
  • CVC Capital have put on the 2nd highest bid of 5,200cr.
  • Lucknow and Ahmedabad officially have an IPL team now.
  • Goenka Group has bid the highest at 7,000cr in the IPL 2022 new team auction.
  • Ahmedabad and Lucknow are the two new IPL teams, BCCI is yet to announce officially.
  • Two new IPL teams are yet to announce by 7.00 pm IST.
  • The final stage of bidding is underway, 9 bidders in the financial bidding.
  • Manchester United owners bid has been technically approved.
  • Two new IPL teams are likely to be announced by 5.30 PM IST.
  • “Adani Group Favourites for Ahmedabad As the Home Venue.” – According to a report.
  • City names and their Home venues for the two new IPL teams in IPL 2022.
IPL 2022 Stadium
IPL 2022 Stadium capacity list
  • The bidding process is over and waiting for the official announcement. Anytime now the new two teams’ names will be officially announced.
  • Bid Submission is done. And verification process is underway here in Dubai. The big announcement soon. – IPL Official
  • “Ten Parties submitted bids for the two new IPL teams.” – According to a report
  • “Reports trickling in of Rhiti Sports” bid for the new IPL teams disqualified from the auction.”
  • Adani Group and Manchester United owners are likely to get two new IPL teams.
  • The owners of Manchester United are front-runners to get an IPL team in next season.
  • Ahmedabad, Lucknow or Indore likely to be the home venue for two new IPL teams.
  • Manchester United owners are one of the ones who submitted the highest bid for an IPL team.
  • The result for two new IPL teams is likely to come around 3 pm IST.

2 New Teams in IPL 2022 Owner

RPSG Group of Sanjiv Goenka and CVC Capital, an international investment firm, have bagged the two new IPL teams.

  • The exact winning bid for the new two IPL teams are:
    • RP – Sanjiv Goenka Group – 7,090cr for Lucknow team
    • CVC Capital – 5,600cr for Ahmedabad team.
  • CVC Capital for Ahmedabad and RP Sanjiv Goenka Group for Lucknow are the owners of the new teams in IPL 2022.
  • Adani Group put on bid till 5,000cr, Manchester United owners didn’t close the 5,000cr mark
  • No Adani and Machester United owners for IPL 2022.

IPL 2022 Team Auction Live Updates:

  • 17 to 18 Parties have submitted Tender for the new IPL team in the next year 2022:-
      • Sanjeev Kumar – RPSG.
      • Glazer Family – Manchester United Owners.
      • Naveen Jindal – Jindal Power & Steel.
      • Adani Group
      • Torrent Pharma
      • Ronnie Screwvala
      • Aurobindo Pharma
      • Kotak Group
  • Bollywood superstar couple Deepika Padukone & Ranveer Singh are set to bid for the two new IPL teams for the 2022 season.

2 New IPL Teams Price

The 2 new IPL teams’ price values will be updated here right after the official announcements. But check out the probable value of the teams:

  • Punjab Kings co-owner believes two new IPL teams would go around 3,000cr to 3,500cr.
  • BCCI official said, “The interest for the two new IPL teams is better than we expected. We are surprised by the response. We expect the bid to go beyond 3500 crore range for each team”.

Also read: IPL 2022 Auction Live Streaming Details for Your Location