The BCCI on Monday named RPSG Ventures Limited and Irelia Company Pte Ltd. (CVC Capital Partners) as owners of the new IPL teams from 2022.
RPSG Group bagged the Lucknow franchise by paying a whopping Rs 7,090 crore while CVC Capital made the second-largest bid (Rs 5,600 crore) to win the Ahmedabad franchise.
Former Indian Premier League (IPL) chairman Lalit Modi on Tuesday made serious allegations against one of the owners of the two new IPL teams that joined the league on Monday, saying that "even betting companies can buy team".
As a matter of fact, Lalit Modi has had a long and deep history of criticizing BCCI for their work activities and pointed out to fans on Twitter
The tweet from Lalit Modi read, “i guess betting companies can buy a @ipl team. must be a new rule. apparently one qualified bidder also owns a big betting company. what next – does @BCCI not do there homework. what can Anti-corruption do in such a case ? #cricket”
RPSG got the Lucknow side with a whopping amount of INR 7090 crores. The CVC Capital bid INR 5625 crore to get the Ahmedabad team. Adani group fell short by INR 525 crores, as they had bid INR 5100 crores.
According to the reports, CVC Capital Partners is a private equity and investment advisory firm with approximately US$ 111 billion in secured commitments since inception across European and Asian private equity, credit and growth funds.
A top source involved with the bidding process said the Adani Group is weighing its options. A formal complaint is expected. It is learnt that BCCI bosses have been in discussion with CVC Capital officials to find out if there is any conflict of interest. In case, BCCI rejects their bid now, it can be expected that the Adani Group will get the Ahmedabad franchise