Ness Wadia, co-owner of Punjab Kings (PBKS), thinks the two new teams for the Indian Premier League (IPL) could sell for a minimum of ₹ 3,000 to Rs 3,500 crore.
The Board of Control for Cricket in India (BCCI) had earlier said that the team would announce the details of the two new teams joining the IPL on October 25 after the auction.
Wadia said adding two new teams to the T20 league was a welcome move You In an interview:
“Each new team should be worth 50 to 75% more than the original value of Rs 2,000 crore. I think each team will get a minimum of Rs 3,000 to 3,500 crore.”
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According to the 50-year-old, the inclusion of two more teams in the IPL will add a new dimension to the league. Wadia added:
“It will bring a huge base of spectators and a lot of revenue not only for other cricketers, but also for the coaching staff and owners. It will be economically beneficial for everyone participating in the IPL. It will provide employment.”
Meanwhile, the IPL mega is going to be held in December. As a result, franchises will only be allowed to hold a handful of players. Asked to share his thoughts on the same issue, the PBKS co-owner said:
“It (the mega player auction) should be fair and equitable, especially since two new teams are coming. I’m looking forward to seeing what happens from that perspective.”
Although IPL organizers have not yet revealed the retention rules, according to media reports, each franchise will not be allowed to retain more than three to four players. They will also be given RTM (Right to Match) option in the auction.
“It’s a little frustrating. We should have done better ”- Ness Wadia on PBKS IPL 2021 performance
PBKS has scored a disappointing run in IPL 2021. They have won just five of their 13 matches. Despite needing just four runs to win the last over, they went to Rajasthan Royals (RR).
In their previous fight against Royal Challengers Bangalore (RCB), they broke down from an influential position to defeat.
Reflecting PBKS ‘efforts in this year’s IPL, Wadia admitted:
“It’s a bit frustrating. We should have done better, and I’m sure we will. I’m sure the players are well aware of their responsibilities, the necessary focus and the improvement in stopping the game. But there’s a lot of pressure, and no one understands that.” “
PBKS will face Chennai Super Kings (CSK) in their last league match in Dubai.