Wednesday, 29 June 2022

Lucknow and Ahmedabad franchises will get time till 31st January to finalize three signings

Lucknow and Ahmedabad franchises will get time till 31st January to finalize three signings

New franchises to sign players by 31st January, and Finally, there is a deadline when the two new franchises can sign up to three free players. With the CVC Capital-Ahmedabad franchise issue to be cleared by next week,

BCCI has set the 31st Jan deadline for the two new franchises to announce their first three picks before IPL Auction.

BCCI earlier set the 25th Dec deadline for the two new franchises to sign three new players. But, the pending issue with CVC Capital’s Ahmedabad franchise deal meant the deadline got extended. The BCCI is yet to announced the official date. However, InsideSport has learned that IPL Governing Council has approved 31st January as the deadline.

It was possible after the BCCI’s independent committee cleared US-based CVC Capital. The company won the bidding rights to the Ahmedabad franchise in October last year but was put through to a probe by BCCI for its alleged link with betting companies.

After BCCI’s independent committee gave the firm a green signal, it will sign a new contract with the Indian board coming week. InsideSport has learned that the franchise officials are in Mumbai to sign the IPL contract.

A top BCCI official told InsideSport.

“Some additional sections are being added in the contract. Legal teams of both sides BCCI and CVC, have agreed on the new amends. We should complete the signing process by next week,”

Lucknow and Ahmedabad franchises will get time till 31st January to finalize three signings 1Twitter image: @IPL

Read More: BCCI likely to host entire IPL 2022 in Maharashtra as per Reports

After getting a green signal from the independent committee, CVC Capital will sign a new contract with BCCI for the Ahmedabad franchise.

CVC Capital representatives are in Mumbai to sign the draft. BCCI is currently drafting a new one adding some new sections.

The BCCI will formally announced the deadline of 31st January to sign three players once the signings and process are done.

Ahmedabad team is also set to make announcements in the next 5-10 days.

Once they formally receive the ‘Letter of Intent, the franchise will float commercial packages.

Once the franchise completes the contract signing process next week, it will float the commercial packages, including title, chest, and other sponsorships.

Meanwhile, the Lucknow franchise is preparing to return to IPL in the full-wave. They have announced Gambhir as their mentor while roping in former PBKS batting coach Andy Flower as a head coach. Vijay Dahiya has been appointed as the A Coach.

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