The Manchester United owners recently expressed interest in buying the new IPL franchises. IPL 2022 is going to be different than before as it is going to be a 10 team affair with the inclusion of 2 new teams. Manchester United is undoubtedly one of the most famous and celebrated football clubs and their owners are showing keen interest in owning IPL teams.
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The IPL broadcast rights are reaching some new stratospheric extents. BCCI already initiated the processes behind finalizing the two new teams. Due to such massive changes, a mega auction will be held next year. BCCI floated ITT (Invitation to Tender) through a private equity firm. According to Times of India reports, the Manchester United owners picked up the ITT.
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Except for them, other companies are in the line as well who showed interest. Those companies are Adani Group, Torrent Pharma, RP-Sanjiv Goenka Group, Hindustan Times Media, Aurobindo Pharma, Jindal Steel, entrepreneur Ronnie Screwvala and three private equity players.
Strict Clauses of ITT:
One can bid only if they have an average turnover of Rs 3,000 crore or a personal net worth of Rs 2,5000 crore. Interestingly, BCCI had to change a few of these clauses as some of the potential bidders requested to lower the value.
In between all these, ANI reported that the Manchester United owners played a vital factor in delaying the ITT deadline.
