WIPL Teams Auction: Announcement coming soon as 7 IPL Teams, Adani, Ambanis, Glazers & Uday Kotak fight for Women IPL TEAMS: Follow LIVE Updates

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WIPL Teams Auction – Women IPL 2023: The stage is set for WIPL. On Wednesday, BCCI will announce 5 founding teams of the Women’s Indian Premier League. But it will be a Mini IPL instead. Seven IPL team owners will submit financial bids to own WIPL teams. With Chennai Super Kings (CSK), defending IPL champion Gujarat Titans (GT), and Lucknow Super Giants (LSG) out of the race, the most successful IPL team Mumbai Indians (MI) are frontrunners to land a team. KKR, PBKS, SRH, RR, SRH, and RCB will also battle it out to grab rights for a WIPL team. Follow WIPL 2023 LIVE Updates on InsideSport.IN.

“We are overwhelmed with the response to WIPL Team Tender. Women Cricket on Wednesday will create new benchmarking on the commercial front. We will see 14-15 players bidding for 5 WIPL Teams tomorrow,” a BCCI official involved in the BIDDING process told InsideSport.

WIPL TEAMS Auction: 17 parties submit TECHNICAL BIDS, 7 IPL teams left in fray as BCCI to announce Women TEAM owners on Wednesday: Follow WIPL 2023 LIVE Updates

WIPL Teams Auction: Battle for 5 Women IPL Teams TODAY as MI, DC, KKR, PBKS, RR, SRH & RCB headline bidders, Follow WIPL 2023 Auction LIVE Updates

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Out of the 7 teams, 6 teams already own teams in other leagues. Only Royal Challengers Bangalore are without a team in foreign leagues. All of them will now aim to add a women’s team to their growing portfolio. However, only 5 of them can own a team and they will also have heavy competition from big players such as Adani Group.

  • Mumbai Indians: IPL, ILT20, SA20
  • Delhi Capitals: IPL, SA20, ILT20
  • Kolkata Knight Riders: IPL, ILT20, CPL
  • Punjab Kings: IPL, CPL
  • Rajasthan Royals: IPL, SA20, CPL
  • Sunrisers Hyderabad: IPL, SA20

On Monday, BCCI received 17 technical bids. Out of them, 10 are non-IPL team owners. Among them, Adani Group will be eying an entry after missing out on an IPL team last time out.

WIPL Teams Auction: Battle for 5 Women IPL Teams TODAY as MI, DC, KKR, PBKS, RR, SRH & RCB headline bidders, Follow WIPL 2023 Auction LIVE Updates

Big non-IPL owners in the fray

  • Adani Group
  • Torrent Pharma
  • Accord Distillers
  • Oam Industries
  • Group On
  • JK Cement
  • Apollo Tyres
  • Sriram Group
  • Haldiram
  • Capri Global
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Chennai Super Kings, Lucknow Super Giants and Gujarat Titans did not submit technical bid for owning Women’s IPL teams

Why CSK, LSG, GT are not bidding for WIPL Teams? According to a report by Cricbuzz, Chennai Super Kings official confirmed the decision saying it was a strategic business call. However, InsideSport understands that CSK was not eligible as the BCCI had set Rs 1,000 Cr valuation for the parent company.

In the case of Lucknow Super Giants and Gujarat Titans, they are still in the loss following their successful bids for Men’s IPL teams. Hence, it was a business decision to not bid for WIPL teams.

When the Financial BIDS will be submitted? The deadline for submission of the financial bids for the five teams is Wednesday morning. After this, the BCCI will reveal the owners of the five franchises in WIPL. It’s a close bidding affair. It means the BIDDERS will have to put their BEST-FOOT forward at the WORD-G0.

Another windfall for BCCI – After bagging Rs 941 Cr from Viacom18 for WIPL Media Rights, BCCI is set to get richer by another Rs 4,000 Cr. To remind everyone, BCCI sold IPL Media Rights for Rs 48,390 Cr and two new IPL teams for Rs 12,715 Cr. BCCI expects around Rs 500-800 Cr for each WIPL teams. Hence, BCCI can get richer by another Rs 4,000 Cr.

For Gujarat Titans, the team representative wants to focus on the Men’s Team. The team is owned by US-based private equity firm CVC Capital.

WIPL Teams Auction: Battle for 5 Women IPL Teams TODAY as MI, DC, KKR, PBKS, RR, SRH & RCB headline bidders, Follow WIPL 2023 Auction LIVE Updates

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The post WIPL Teams Auction: Announcement coming soon as 7 IPL Teams, Adani, Ambanis, Glazers & Uday Kotak fight for Women IPL TEAMS: Follow LIVE Updates first appeared on Inside Sport India.