Two more IPL team owners now! The Indian Premier League will proclaim the two new license owners on 8th march, reports say.
According to the reports, the bidders will also conclude the new survey of the IPL even as the floor price is fixed at $225 million up from $50 million in 2008. The two charming proposals will settle on the two new IPL cities.
On his chirp, IPL chairman and Commissioner Lalit Modi said Ahmedabad and Nagpur are the current cities, which can invite bids.
The terms and condition for the command process have been made stern.
Sources say that each bidder has been asked to provide a bank assurance of USD 100 million along with their offer, the source said.
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