The BCCI, on October 25, announced RPSG Group and CVC Capital Partners as the owners of two new IPL franchises. While RPSG Group bagged the Lucknow franchise for INR 7090 crore, CVC picked the Ahmedabad franchise with a winning bid of INR 5625 crore.
As reports of one of the franchise owners’ links with betting company in the UK. Lalit Modi was the one to come down hard at the BCCI for not doing their homework properly and also put out a tweet regarding the same. This sparked a controversy and apparently, it came forward that CVC Capital had their links with a betting company.
Apart from Modi, a report by Outlook also claimed that CVC Capital was under the scanner for links with betting companies. The report had stated:
"CVC Capital Partners has run into trouble for its links with betting companies. It has been pointed out that CVC Capital have invested heavily in betting and gambling companies. BCCI's attention has been drawn to CVC Capital's business activities and it was strange that these were not noticed during the long "verification stage" before the financials were opened on Monday evening.”
The confusion over CVC Capital’s bid for the Ahmedabad franchise in the Indian Premier League (IPL) seems to be over. According to reports, the BCCI and CVC Capital held several hours of discussion, after which the BCCI concluded that CVC Capital was “fit” to own an IPL franchise. CVC also signed a Letter of Intent (LOI) with the Indian board to own the Ahmedabad franchise to put an end to the controversy.
A total of 74 matches will be played in the upcoming edition of the T20 league, wherein each team will play 7 home and 7 away matches.
Before IPL 2022, there will be a mega auction, which will see most of the players going back into the bidding war. As per media reports, each franchise will be allowed to retain no more than 3-4 players ahead of the mega auction.