New Delhi, October 25: Finally the wait is over, two new teams have been added to the cash-awash Indian Premier League (IPL) on Monday. As per the initial reports, Lucknow and Ahmedabad teams, owned by the RP Sanjeev Goenka Group and CVC Capital respectively, will be the two new IPL franchises, to be part of the tournament from 2022.

According to sources, RPSG Group has staked a claim for the Lucknow franchise in a bid of over Rs 7000 crore. At the same time, CVC Capital Partners has got the franchise of Ahmedabad with around Rs 5,600 crore. Ahmedabad and Lucknow Named As Two New IPL Teams, CVC Capital Partners and RPSG Group Emerge Victorious Bidders.

The mega auction for the 15th edition of the Indian Premier League, IPL 2022, will be held later this year in December.

(The above story first appeared on LatestLY on Oct 25, 2021 08:44 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website