Punjab Kings co-owner Ness Wadia believes that the value of the two new teams to be included for the next season of the Indian Premier League. 3000 to 3500 crores. The Board of Control for Cricket in India (BCCI) had already informed that it will give detailed information about the two new teams after the team auction on October 25. Wadia called the inclusion of two new teams a good decision for the IPL. Nadia spoke openly about this in an exclusive interview to our partner newspaper The Times of India. Wadia said, “The cost of both the new teams will be 50 to 75 percent more than the base price of 2000 crores. I think each team will cost at least Rs 3000 to 3500 crores. The 50-year-old Wadia believes that the inclusion of two teams in the IPL will give a new dimension to this league. He said, ‘This will give more spectators to this league. This will make IPL stronger than before. It is still the biggest league in the world of cricket and one of the best leagues in the game. I think this will give opportunity to many other cricketers as well as coaching staff and owners will also get a new source of income. People associated with IPL will also benefit financially from this. This will provide employment. There is a big auction of IPL to be held in December. That is, the franchisees will be able to keep only a few players with them. Regarding this, the co-owner of Punjab Kings said, “This mega-auction should be fair and fair, especially when two new teams are also joining. I would like to look at this auction from this point of view. Although the IPL organizers have not yet disclosed the rules and regulations of this auction, but according to media reports, each franchise will be allowed to keep only three or four players. The franchise will also have Right to Match (RTM) rights to retain the players. The 2021 season has not been very good for Punjab Kings. The team has won only five matches out of 13. The team needed four runs in the last over against Rajasthan Royals but the team could not make them either. The team was also in a very strong position in their last match against Royal Challengers Bangalore but had to face defeat. On the performance of the Punjab team, Wadia said, “It is a bit disappointing. We should have played better and I am sure that will be the case. I am sure the players have a sense of their responsibility, the focus they need and are fully aware of bridging the gap in finishing the match. But there is a lot of pressure on the players and it needs to be understood.
[Attribution to NBT]