The business groups showing interest in the teams are Kolkata-based RP-Sanjiv Goenka Group; the Adani group from Ahmedabad; Aurobindo Pharma Ltd from Hyderabad and the Torrent Group that operates from Gujarat.
Meanwhile for the retention of players, each team will be given an option of retaining four players, three Indians and one overseas player or two Indians and two overseas players.
The report also states that the salary purse will for the teams will be increased to INR 90 crore. Not only that, in the next three years, the amount will rise to Rs 100 crore ahead of 2024 season. Out of this amount, teams will have to spend a minimum of 75%.
The teams will have to deduct the specified amounts from salary purse before the auction. “Some players may like the idea of not wanting to be retained and will want to head into the auction pool. That’s because there’s an increase in the salary purse and two new teams are being added. So, there’ll be a rush to grab talent. Expect some leading…