Indian T20 League: Mega auction likely to be delayed owing to CVC issue
Stadium (Photo by Mark Evans/Getty Images)
Amidst all the hype revolving around the fifteenth edition of the Indian T20 League (ITL), the upcoming 2022 mega auction is likely to be postponed. CVC Capitals, which happens to be an American firm, had managed to purchase the Ahmedabad franchise by paying INR 5,625. However, it was later revealed that the company has made investments in two betting companies.
This led to a huge controversy. The BCCI announced the appointment of a neutral panel comprising Supreme Court and High Court judges in order to look into this issue. While it was later reported that the panel has given a clean chit to CVC, the board is yet to decide the future of the franchise.
According to a report by Cricbuzz, the attorneys for the Gujrat-based team and the board are working together to find an ideal, as well as a lawful wording for an agreement to be signed by both parties. While CVC has been given the thumbs up by the board to own the team, the major reason for the delay is due to the legal experts trying to find the right words for the agreement.
Thus, this delay is likely to impact the dates of the mega auction. While it was already pushed to February, the BCCI is going to give at least 15 days to both the new teams to sign their players. This ultimately will result in a slight postponement of the event.
The Indian board is likely to announce the dates for the mega auction once the CVC issue is resolved once and for all. In the meanwhile, the rest of the eight teams have already announced their retentions for the next edition. The two new teams have the option to sign up to three players before the mega auction. The ITL 2022 mega auction is expected to be the biggest one in the history of the league.
