Mumbai: The Board of Cricket Control of India (BCCI) has invited bids to acquire the right to own and operate one of the two new teams proposed to be introduced to take part in the Indian Premier League starting from the 2022 season, through a tender process.

BCCI, honorary secretary, Jay Shah said the detailed terms and conditions governing the submission and evaluation of bids including eligibility requirements, process for submissions of bids, proposed new teams’ rights, and obligations, etc are contained in the ‘Invitation to Tender’ (ITT). "ITT will be made available on receipt of payment of a non-refundable fee of Rs 10 lakh plus any applicable goods and services tax. It will be available for purchase till 5 October," he said.

“Interested parties are requested to email at ittipl2021@bcci.tv to get further details for purchasing the ITT. The email requesting the ITT should have the subject line ‘ITT for the Right to Own and Operate One of Two Proposed New IPL Teams’. Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein shall be eligible to bid. It is clarified that merely purchasing this ITT does not entitle any person to bid," Shah added.

BCCI reserves the right to cancel or amend the bidding process at any stage in any manner without providing any reason.