The WIPL has received a total of 30 contenders for the ownership of the franchises. The inaugural season of WIPL will be having five teams in total. As per reports, all the 10 franchises of IPL and big companies like Haldiram, Infosys, Shriram Group, Manchester United owners, Adanis will be participating in the bid. However, the BCCI will give top preference to the existing IPL franchises.
The BCCI has announced the names of 10 Indian cities that the bidders can buy but it will be valid for the first 10 years. The BCCI will announce on January 25 about the companies who have bought the WIPL teams. The board has given a deadline of January 23 to participate in this auction.
WIPL 2023: 30 companies to bid on the teams; Haldiram, Infosys, Adanis, and the 10 IPL teams are top contenders
The owners of men’s IPL teams will be bidding in the auction. The owners of Gulf Giants (Adani) and Sharjah Warriors (Capri Global) have also picked up the tender. Chettinad Cement and JK Cement, have also picked up the tender document. Chennai-based companies like the Shriram Group, Nilgiri Group, and AW Katkuri will be participating. The GMR and JSW group who are the joint owners of Delhi Capitals will be taking up the ITT. As mentioned above, Haldiram and APL Apollo will be contending as well.
The BCCI has kept March for the tender in WIPL. The dates haven’t been announced yet by BCCI but it will be starting from march 5 and get over by the 23rd of the same month.
There’s no fixed base price but as per BCCi’s calculations, there are 12-15 serious bidders. WIpl will be having 22 matches in the first three editions and in the fourth season, the board will ass one more team that will make the total number of matches 33 or 34.
Like IPL in the first few seasons, the franchises won’t be able to make money for the first few years. The franchises will get 80% of the revenue and the board will keep 20% to itself. The teams also have the options to earn from the sponsorships and gate revenues.