MCC plans to bid for IPL franchisee

Written by fe Bureaus | Mumbai | Updated: Feb 27 2010, 02:58am hrs
Marylebone Cricket Club (MCC) of the UK is planning to join a consortium bidding for one of two Indian Premier League (IPL) franchisees to be sold next month, according to Telegraph Sport. A base price of $225 million per franchisee has been set for the two new franchisees.

The negotiations, if in favour of MCC, will take IPL matches to be played at Lords, perhaps from 2011 and the MCC would become major players in the expansion of club T20 cricket. The club, in tandem with India, is redeveloping the historic Lords ground.

Keith Bradshaw and Anthony Wreford, the CEO of the club and MCC trustee, came to India earlier this week to meet the clubs bid partner, believed to be a major industrial Indian conglomerate with a turnover more than 195 million (Rs 1,384.5 crore).

The IPL, on Feb 21st, had announced invitation bids for the two new franchisees for the next season of IPL. Around 12 cities in India have been nominated to be the potential hosts of the new teams. The cities eligible are Ahemadabad, Nagpur, Kanpur, Dharamsala, Indore, Cuttack, Gwalior and Visakhapatnam. Additionally, Rajkot and Pune are possible cities with stadia already under construction. It includes Baroda and Kochi as well. Moreover, a new 55,000-capacity stadium is being constructed in Pune making it attractive to bidders.

The final decision to bid lies in the hands of the MCCs panel and is likely to be the most important in its recent history. It is believed that there have been members within the club who have been opposing a link with IPL. However, MCC is looking at a long-term association with IPL as they have a big ground to fund for redevelopment.

As reported earlier, the other potential bidders, who collected invites on the 4th day of procuring tender documents, are Adani Groups media agency Group M India Pvt Ltd, Percept Ltd, JP Associates, Sahara and ICICI Ventures. The winning bids for the two new IPL franchisees will be opened in Mumbai on March 7.