It has now been confirmed that the Glazer family, who owns both Manchester United as well as the Tampa Bay Buccaneers, have not been successful in their attempt to obtain the rights to one of the two new IPL franchises set to join the roster next year.
Entering the highest bid for the Lucknow franchise had been the RP-Sanjiv Goenka Group. This group previously owned the now-obsolete Pune franchise.
The second of the two new additions, being the Ahmedabad team, was offloaded to CVC Capital Partners. The private equity giant already owns hares in Spain’s La Liga, as well as in rugby’s Six Nations tournament.
The successful buyers forked out a combined £1.2 billion for the two franchises.
The addition of two new teams to the IPL roster will mean that from next year, a total of 10 teams will play 74 matches – with each franchise playing seven games at home and seven games away.
Commenting on the successful bidding process finalised earlier this week, BCCI President Sourav Ganguly said the enormous interest in the Indian Premier League, and even also from outside of India, has been exceptionally heartening. He said it once again drives home the financial strength and allure of the tournament.
He also said the IPL is emerging as a top instrument for turning cricket into a truly global sport, and that he personally is very much looking forward to next year’s edition of the cash-richest competition on the planet.
| # | Site | Bonus | Bet | |||
|---|---|---|---|---|---|---|
| 1 |  | Betway |  | 5/5 | Up to $60 NZD | Bet now Review |
| 2 |  | Picklebet | | 4.9/5 | Login to see promotions | Bet now |
| 3 |  | Palmerbet | | 4.8/5 | 100% Match | Bet now |
More About Trent Wilson
Trent Wilson is OnlineBetting.nz’s resident sports news expert. He draws on his extensive sporting knowledge, his qualification in sports management and his passion for betting to provide the latest, most up to date information on sporting events in New Zealand and across the globe. Trent is a veritable treasure trove of sports information and has been betting online for several years. He prides himself in keeping his readers informed, and in always offering an unbiased standpoint that reflects exactly what’s going on in the sports world.
View Posts - Visit WebsiteYou May Also Like:
Chelsea Deadline Closing In Fast
Since parties interested in acquiring soccer club Chelsea have now been given until Friday to finalise their takeover proposals, several groups have begun to do due diligence ahead of the deadline. According to an announcement by the Raine Group, being the US bank mandated with overseeing the sale, the group ….
Chelsea Up For Sale Confirms Russian Owner
Russian billionaire Roman Abramovich has finally conceded to offload his ownership in English soccer club Chelsea. Abramovich confirmed the decision on Wednesday amid growing pressure from the UK government following wide-spread sanctions against Russia after its invasion of the Ukraine. According to inside sources, at least two groups are interested ….
Biennial WC A Threat To All Sports Says IOC
International Olympic Committee president Thomas Bach on Thursday labeled FIFA’s plan for staging a biennial World Cup a “threat” not only to soccer, but also to other sports. Bach also lamented FIFA boss Gianni Infantino’s absence in Beijing, saying the IOC would have liked to discuss the matter while at ….
Frank Lampard Appointed Everton Manager
Frank Lampard has agreed to a deal to become Everton’s manager for the next two and a half years. This means Lampard makes his return to management precisely a year after his big Chelsea exit. Lampard succeeds Rafael Benitez, who was booted after Jan. 16’s loss to Norwich City. Lampard ….
FIFA Might Abandon Biennial WC Idea
FIFA president Gianni Infantino has indicated a willingness to abandon the controversial plan of staging a men’s soccer World Cup every two years. Infantino, during a recent address before the FIFA council in Zurich, said he would call together a summit on December 20, to which all international confederates would ….