Chennai Super Kings, Rajasthan Royals Players to Play for New IPL Teams?
Chennai Super Kings and Rajasthan Royals will sit out of IPL 2016 and 2017. Their top players are expected to bolster the two new teams to add balance to the tournament.
Top Chennai Super Kings and Rajasthan Royals players will not be left in the lurch when the former Indian Premier League champions sit out of the tournament for two years. (Chennai Super Kings and Rajasthan Royals Escape Termination from IPL)
To give the two new teams enough muscle to compete, the Board of Control for Cricket in India has reportedly decided that the top six players each of Chennai and Rajasthan will be available to the new franchises. (IPL Scandal: Chennai Super Kings, Rajasthan Suspended)
BCCI will soon announce the bidding process to fill the gap left by the suspension of Chennai Super Kings and Rajasthan Royals. The process to rope in the top six players from either team will also be made clear. Other players will enter an auction pool.
© BCCI
Reverse Bidding to Woo New Investors?
The Cricket Board is mulling a "reverse bidding" process to include the new IPL teams for a period of two years only. The model adopted has to be a win-win one for both the BCCI and the new team owners. A final decision will be taken at the BCCI's annual general meeting on November 9.
The classical definition of reverse bidding or reverse auction states: "In a reverse auction, the buyer puts up a request for a required good or service. Sellers then place bids for the amount they are willing to be paid for the good or service, and at the end of the auction the seller with the lowest amount wins."
During reverse bidding, an investor who bids the lowest amount, will be owner of a team. For example, if BCCI plans to pump in 70 crore, a potential investor can buy a team bidding at Rs 50 crore, 40 crore or 30 crore depending on the lowest.
According to an agreement with host broadcasters, Sony Entertainment Television, eight teams are mandatory to have a tournament. It is not clear whether IPL will be a 10-team affair when Chennai Super Kings and Rajasthan Royals return after serving their suspension.