IPL Current Affairs - 2020
Pune and Rajkot have become the new interim franchises in the Indian Premier League (IPL) through the reverse bidding process.
They will replace the suspended teams of Chennai Super Kings (CSK) and Rajasthan Royals (RR) for a period of two years.
The Pune franchise was bought by Kolkata-based company New Rising owned by business tycoon Sanjiv Goenka, while Intex Mobiles won the bid for the Rajkot franchise.
Mr. Goenka will shell out 10 crore rupees per year to the Board of Cricket Council of India (BCCI) for the Pune franchise, while Intex Mobiles will pay 16 crore rupees for the two-year.
Reverse bidding process
Both new interim franchises were picked through the reverse bidding process for which the base price was set at 40 crore rupees. The bidders were to quote an amount less than that and the lowest bidders were given the franchises.
Now, players from CSK and RR franchises will be divided between two teams of capped and uncapped draft system. The two new teams will have a minimum of 40 crore rupees and a maximum of 66 crore rupees to buy their players.
Earlier, the Supreme Court-appointed Justice (Retd) R.M. Lodha committee had suspended CSK and RR after it was found the involvement some of their officials and co-owners in the 2013 IPL spot-fixing scandal.
The committee has suspended both teams for 2 years term and have been allowed back in the league after serving out their suspension term.
Tags: BCCI • Business • CSK • Current Affairs 2016 • IPL
Former Indian Test Captain and ace spinner Anil Kumble has resigned as the Chief Mentor of Indian Premier League (IPL) franchise Mumbai Indians with an immediate effect.
His decision follows after Board for Control of Cricket in India (BCCI) crackdown on conflict of interest in the board. Earlier in November 2015, Indian cricket team director Ravi Shastri was removed from the IPL Governing Council and selector Roger Binny was asked to leave.
Since January of 2013, Mr. Kumble was associated with Mumbai Indians and in his first year as the mentor of Mumbai Indians team had won the IPL and the Champions League and once again the IPL cup in 2015.
Mr. Kumble is one of the two bowlers in history of cricket who had taken all 10 wickets in an innings and another one is England’s Jim Laker. He is also India’s highest wicket taker in both Test matches (619 wickets) and one day Internationals (ODIs) (337 wickets).