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ipl: IPL: New teams would go for 3,000 to 3,500 crores, says Ness Wadia | Cricket News – Times of India

October 5, 2021

MUMBAI: Punjab Kings co-owner Ness Wadia expects each of two new teams in the IPL – set to be announced by the BCCI on October 25 after a team auction – to be sold for not less than 3,000 to 3,500 cr. “The value of each of the new teams should be 50 to 75% more than the base price of Rs 2000 cr. I think each team would go for a minimum of 3,000 to 3,500 cr,” Wadia told TOI in an interview on Sunday.
He welcomed the addition of the new teams to the current eight-team IPL. “I’m excited about two new teams coming in because it will add a new dimension to the league. It will bring in a much wider base of viewership. And it will strengthen the IPL, which is already the greatest cricket league in the world and one of the greatest leagues in world sport. I believe that it will add a lot of opportunity to not only several other cricketers, but will bring in a lot of income to coaching staff and owners. It’ll be economically beneficial to all those who participate in the IPL. It will provide employment. More importantly, it will enhance the number of games in the IPL, so the fans will get a lot more cricket to watch,” said Wadia.
The IPL player auction in December would be a mega auction. It will be interesting to see how many players each franchise would be allowed to retain, now that there would be two new teams in the mix. “It (the mega player auction) should be fair and equitable, especially to the two new teams coming in. I’m looking forward to seeing what happens from that perspective,” he said.
While several teams will try to retain their top players, there will still be players who’ll be hot property in the auction. “We don’t know what the retention or right to match will be. We’ll see (things) based on that. I think there are several players which teams will be gunning for,” said Wadia.
He hailed the BCCI’s decision to schedule two IPL matches at the same time on the final day of the league phase, so that no team has an extra advantage in terms of knowing what to do in their final league match. “I think the BCCI’s objective has always been to have a balanced and equitable standing and positioning for each of the teams. It’s a good decision. I congratulate them for being so pro-active,” said Wadia.
Wadia expressed sympathy for ‘Universe Boss’ Chris Gayle, who, citing bubble fatigue, decided to leave the Punjab Kings bio-bubble in UAE to take a break for the forthcoming T20 World Cup. “We respect his decision and totally understand and sympathize with him. The bubble is a very difficult place and we’re grateful, thankful and respectful of all our players and we do know that they compromise a lot of their life by spending time in the bubble, and we salute each of our players for doing so,” said Wadia.
He was disappointed by the poor form of West Indies’ batting gun Nicholas’ Pooran, who has managed to put together just 85 runs in 12 matches@7.72. “Pooran’s form has been disappointing. However, he’s a world-class player and I’m sure that he’ll bounce back, learn from his shortcomings in this IPL season, and do well for the West Indies and club. I’m sure that he’ll be an improved player, and will understand that his role is critical in the team. He’ll understand that he has the potential to do greater things. It’s just about optimizing his talent,” said Wadia.
KL Rahul has evolved into an all-format leading player for India. His evolution must be pleasing for you. “KL’s evolution is definitely pleasing. Firstly from an India perspective. He’s a wonderful all-round player. I’m so happy for him and the Indian team. I’m sure that he’ll go from strength to strength,” he said.
With the rate of vaccinations having improved, do you see a normal IPL-packed crowds and home and away system returning in India next year? “With the current rate of vaccination, I do hope and pray that we return to normalcy next year, and we return to a packed IPL season in terms of the stadiums and fans. I think it’s so important for the fans to also be a part of the whole process and involvement for the game. It adds an extra edge to each of the teams,” he said.
What prompted the change of the name of the franchise from Kings XI Punjab to Punjab Kings? “The board felt that it was important to change the name after playing with the same name for 14 years. We felt that I was a good change to bring in, so we did that,” he said.
Punjab Kings have lost a few games from winning positions. In a league match against the Rajasthan Royals, they needed 15 off the final two overs, with eight wickets in hand. These kind of close defeats, snatched from certain victory, has left the team’s co-owner disappointed. “It’s a bit disappointing. We should’ve done better, and I’m sure that we will. I’m sure that the players are well aware of their responsibilities, required focus and improvement in closing out of games. But there’s a lot of pressure, and one does understand that,” he said.
Youngsters Arshdeep Singh and Ravi Bishnoi have shown tremendous promise. “I think that India has a wonderful bunch of players. If India were to play with two cricket teams, we’d still be in the top five in the world. That’s the kind of talent we have,” concluded Wadia.

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