IPL 2022: Lot of planning has gone into our bidding – Sanjiv Goenka after RPSG Group gets Lucknow franchise

Sanjiv Goenka’s RPSG Group acquired the Lucknow franchise on Monday and will participate in the popular cash-rich Indian Premier League from 2022 onwards.

Sanjiv Goenka (left) had also owned the Rising Pune Supergiant franchise which played in IPL 2016 and 2017 (AFP Photo)

HIGHLIGHTSRPSG Group made the winning bid of Rs 7090 crores for the Lucknow IPL franchiseCVC Capitals Partners opted for the Ahmedabad franchise with a bid of Rs 5,625 crores22 companies had picked up the IPL tender documents but only 5-6 serious bidders were in fray

RPSG Group owner Sanjiv Goenka said a lot of planning and calculations were done before he decided to bid for the Lucknow franchise during the Board of Control for Cricket in India’s bidding process for two new Indian Premier League teams on Monday.

RPSG Group made the winning bid for the Lucknow IPL franchise and bagged the rights for the new team for a whopping Rs 7,090 crores. CVC Capitals Partners opted for the Ahmedabad franchise with a bid of Rs 5,625 crores.

Sanjiv Goenka had also owned the Rising Pune Supergiant franchise which participated in IPL 2016 and 2017 along with Gujarat Lions for a couple of seasons when Chennai Super Kings and Rajasthan Royals were serving out their two-year suspensions from the league.

“A lot of planning and calculation has gone into our bidding. I give credit to personal staff for winning the bid,” Sanjiv Goenka told Cricbuzz.

The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.

One of the major companies that lost out was Gautam Adani’s Adani Group which bid around Rs 5000 crore while bids of Glazers from Manchester United and Torrent Group also fell short of the mark.

22 companies had picked up tender documents worth Rs 10 lakh each but with base price for new teams pegged at Rs 2000 crore, only five to six serious bidders were in fray.

“The new franchises will participate in IPL from 2022 season onwards subject to the bidders completing the post-bid formalities as specified in the ITT document. The IPL 2022 season will comprise ten teams and will have 74 matches, wherein each team will play 7 home and 7 away matches,” the BCCI confirmed in a statement.

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