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.
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.
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.