IPL mega-auction will be held in Bengaluru on February 12 and 13, ahead of the 2022 season, and will be a two-day event. After the two new clubs have chosen up to three players from the auction pool. The full player list for the auction is scheduled to be finalized by mid-January. By mid-January, the full player list for the auction should be finalized.
While the new teams had until December 25 to submit their selections. It is now almost inevitable that this deadline will be extend. The BCCI has yet to officially award CVC Capital Partners ownership of the Ahmedabad franchise. Which they paid INR 5625 crore (about USD 750 million) for in October.
The BCCI is continuing conducting due diligence on CVC. Looking into compliance issues involving the company’s ties to two betting organizations in Italy and Brazil. Before legally appointing them owners, the BCCI is seeking the advice of other experts, including a former High Court judge. This procedure is likely to cause a delay in the deadline.
On November 30, the eight existing IPL clubs. Finished their retention procedure and will enter the pool on February 12 to rebuild their teams.
The new clubs, like the existing teams, will begin with a purse of INR 90 crore. (about $12 million) to make proposals for up to three players before the mega-auction. The amount of money they get on auction day will be determine. By how many players they draft before the auction.
IPL Mega-Auction Money Spent On Retentions For IPL 2022 (IN INR CRORE)
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