The Indian Premier League (IPL) is attracting consideration of international buyers because it will get prepared so as to add two new franchises within the upcoming season.
The Glazer household, which owns many sports activities properties together with Manchester United, one of many world`s most well-known soccer golf equipment, has proven curiosity in proudly owning an IPL crew and has picked up the bid paperwork.
The Glazer household, which additionally owns the well-known American soccer membership Tampa Bay Buccaneers that performs within the Nationwide Soccer League (NFL), has picked up the Invitation to Tender (ITT) doc from the Board of Management for Cricket in India (BCCI) for the acquisition of one of many two groups for the upcoming season of the cash-rich league, in line with a report within the Instances of India.
Although choosing up the OTT doc isn’t any assure that the US-based Glazer household will make a proper bid for the franchise, it must arrange an organization in India if it plans to take action. The ITT doc makes it clear {that a} international entity must arrange an organization in India if their bid is to succeed.
Amongst others which have picked up the bid doc are Adani Group, Torrent Pharma, Aurobindo Pharma, RP-Sanjiv Goenka Group, Hindustan Instances Media, Jindal Metal (led by Naveen Jindal), entrepreneur Ronnie Screwvala and three non-public fairness gamers, the report stated.
The BCCI has lately issued a discover looking for bids from events because it goes about its plan so as to add two information franchises earlier than the subsequent yr`s mega public sale of gamers.
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