IPL to have two new teams by December 8

The two new franchises will replace the Chennai Super Kings and Rajasthan Royals

The two new franchises will replace the Chennai Super Kings and Rajasthan Royals

Image courtesy of: ESPNcricinfo

The Board of Control for Cricket in India (BCCI) have announced that two new Indian Premier League (IPL) franchises will be chosen on December 8.

The board has shortlisted nine cities that all have a chance of replacing the Chennai Super Kings and Rajasthan Royals, both of whom were suspended by the RM Lodha Committee, who were appointed by the Supreme Court to investigate the 2013 IPL match-fixing scandal.

It has also been confirmed that the big auction, where players from all eight franchises would be included in a draft, has been postponed from 2016 to 2017.

“It will be a walk-in bid on December 8. The base price for reverse bid from central revenue pool is Rs 40 crore and the party which bids for lowest share from central revenue pool will be the winner of new team,” IPL chairman Rajeev Shukla told PTI.

The document to bid for a new franchise will be on sale from November 16 for a period of two weeks. On December 4, the bidders will have the opportunity to clarify everything, while on December 8, the two new owners will be chosen.

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