The IPL media rights are the most lucrative property in cricket. The BCCI has also decided to issue a tender for the IPL media rights for the next cycle (2023-27) on October 25. There are six cities in the fray, including Ahmedabad, Lucknow, Guwahati and Cuttack, with successful bidders owning the new teams for perpetuity. The BCCI has set the minimum bid price for each of the new franchises in the region of INR 2000 crore (USD 270 million approx). It is learned that about 11 bidders had bought the tender document so far. The deadline to submit the bids was recently extended to October 10. The IPL Governing Council, on Tuesday, also decided to unveil the two new franchises on October 25. The last time more than eight teams played in the IPL was in 2013, when nine teams took part and played a total of 76 matches. The last time IPL was a ten-team event was in 2011, when there were 70 league matches and four playoff games. Now both matches will begin at the same time on October 8, at 6 pm local time. In the morning match, starting at 11 am UAE time, Sunrisers Hyderabad were scheduled to face defending champions Mumbai Indians in Abu Dhabi while the evening match, starting at 6 pm UAE time, would see Royal Challengers Bangalore play Delhi Capitals. As per the original schedule, the league phase was scheduled to end with a double header on October 8.

In a first, the final two matches in the league phase of the IPL will start simultaneously. RCB vs DC will now be played simulatenously with MI vs SRH © BCCI

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