The much-awaited sporting event of next year Indian Premier League (IPL) will hold its players’ auction in Kolkata for the first time on December 19, 2020.
The auctions have mostly been held in Bengaluru so far, however, this seasons the home ground of Kolkata Knight Riders, co-owned by Bollywood actor Shah Rukh Khan will be hosting the event.
The trading window that is currently open will close on November 14, and all the franchises were informed about it on Monday, according to a report in ‘ESPNCricinfo’.
While the franchises were allotted Rs 82 crore each for the IPL 2019, Rs 85 crore have been allocated for the 2020 season.
The franchises were originally allotted Rs 85 crore to build their teams for 2020. Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.
Delhi Capitals have the biggest balance — Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and Kolkata Knight Riders at Rs 6.05 crore.
This year’s auction is the last one before the franchises disband next year and prepare to assemble fresh squads from 2021 at a mega auction.
The glitzy event usually runs between April and May every year.
Funds left with franchises ahead of IPL 2020 auction:
Chennai Super Kings – Rs 3.2 crore, Delhi Capitals – Rs 7.7 crore, Kings XI Punjab – Rs 3.7 crore, Kolkata Knight Riders – Rs 6.05 crore, Mumbai Indians – Rs 3.55 crore, Rajasthan Royals – Rs 7.15 crore, Royal Challengers Bangalore – Rs 1.80 crore, Sunrisers Hyderabad – Rs 5.30 crore.
(With inputs from agencies)