WIPL Team Auctions Today, 17 Bidders to Battle for 5 Women’s Franchises in Mumbai, all you Need to Know
Out of those 17 bidders for the Women's IPL teams, seven are companies which own men’s IPL franchises – Mumbai Indians, Kolkata Knight Riders, Royal Challengers Bangalore, Rajasthan Royals, Punjab Kings, Sunrisers Hyderabad and Delhi Capitals – as only these teams have an audited net worth of over Rs 1,000 crore as of March 31, 2022.
The first-ever Women’s Indian Premier League (WIPL) team auction is set to take place in Mumbai on Wednesday (January 25) afternoon. A total of 17 bidders are in battle to own five women’s IPL franchises up for grabs ahead of the inaugural edition in March 2023.
Out of those 17 bidders, seven are companies which own men’s IPL franchises – Mumbai Indians, Kolkata Knight Riders, Royal Challengers Bangalore, Rajasthan Royals, Punjab Kings, Sunrisers Hyderabad and Delhi Capitals – as only these teams have an audited net worth of over Rs 1,000 crore as of March 31, 2022.
The other three men’s IPL franchises, including MS Dhoni’s Chennai Super Kings, IPL 2022 champions Gujarat Titans and Lucknow Super Giants, opted not to enter the bidding process though they did buy the tender document.
The top business entities that will be part of the financial bids are Adani Group, Capri Global, Haldiram’s Group, Torrent Pharma, Apollo Pipes, Amrit Leela Enterprises, Shriram Group and Slingshot 369 Ventures Private Limited.
The BCCI has listed a total of 10 Indian cities and the venues in the tender document, which allows a single party to bid for more than one city. There is no base price set, and bids will be accepted for a ten-year period – 2023 to 2032.
Today's a day that every Indian women cricketer will remember. The #WIPL is finally taking shape. @BCCI, @JayShah and all those involved deserve huge praise. Women's cricket will go to the next level with this global stage provided. Come on girls, it's all yours for the taking! — Smriti Mandhana (@mandhana_smriti) January 16, 2023
The 10 shortlisted cities and venues are Ahmedabad (Narendra Modi Stadium, capacity 112,560), Kolkata (Eden Gardens, 65,000), Chennai (MA Chidambaram Stadium, 50,000), Bengaluru (M Chinnaswamy Stadium, 42,000), Delhi (Arun Jaitley Stadium, 55,000), Dharamsala (HPCA stadium, 20,900), Guwahati (Barsapara Stadium, 38,650), Indore (Holkar Stadium, 26,900), Lucknow (AB Vajpayee Ekana Cricket Stadium, 48,800) and Mumbai (Wankhede/DY Patil/Brabourne Stadiums).
What will be the salary purse of the 5 WIPL franchises?
An auction purse of Rs 12 crore would be available for each franchise to build their squads for the first season. The Indian cricket board has not yet formally announced the auction date, but it is expected to be in the first week of February.
In the bid document, the BCCI has mentioned that squad sizes would have to be between 15 and 18. A total of seven overseas players would be allowed in each squad, including those from Associate countries. As for playing XIs, there is a cap of five overseas players including one from an Associate country.
The inaugural season of the women’s IPL is likely to be played between March 5 and March 23 and will be completely hosted in Mumbai.