The 2020 Indian Premier League (IPL) is a professional twenty-twenty league established by the Board of Control for Cricket in India (BCCI). It is the thirteenth season of the Indian Premier League sponsored by Vivo. Therefore, also popularly known as Vivo IPL.
Cricket is not just a sport but seen as a religion in India. A total of 8 teams will be participating in IPL — Chennai Super Kings, Delhi Capitals, Kings XI Punjab, Kolkata Knight Riders, Mumbai Indians, Rajasthan Royals, Royal Challengers Bangalore, and Sunrisers Hyderabad. Cricket players from all around the world join to participate in the auction. The selection process involves the owners of each team bidding on players, and the highest bid gets the player in his or her team.
Although illegal in India, people participate in IPL betting with full enthusiasm through private bookies. Several estimates claim that for the 13th season of IPL, the betting will witness a significant rise of 5-8%.
IPL 2020 is will be held between 23 March 2020 and 12 May 2020. The opening match will be between Mumbai Indians (MI) and Chennai Super Kings (CSK) at M. A. Chidambaram Stadium of Chennai.
For the 13th season of IPL, there are a total of 332 players competing in auction pool for 73 open slots. Star Sports television channel and OTT platforms will telecast both the IPL auction and the matches live. The auction will air at 3:30 pm IST. The 2020 IPL will witness the first season with Sourav Ganguly as the BCCI president.
IPL 2020 Auction
Auction for IPL 2020 is going to take place on 19th December in Kolkata. Generally, BCCI conducts the bidding anytime between January or February. For the year of 2019, the first auction for the IPL took place on January 18, 2018, which involved franchise’s constructing their squads from scratch for the coming season. The second auction occurred in December 2018. The big gap allowed team owners enough time with the world cup in England.
For IPL 2020, the BCCI has finalized only one auction. Although, the majority of the biddings are conducted in Bangalore. But last year, it took place in Jaipur, and this year IPL governing body has decided to organize it in Kolkata.
Richard Madley has conducted almost 11 Indian Premier League auctions. However, Hugh Edmeades replaced him last year. This year too, he will be continuing as the auctioneer.
Hugh Edmeades is a British international charity, classic car, and fine art auctioneer. He has auctioned a variety of items, such as Chinese ceramics, old master, fine furniture, contemporary & impressionist paintings, works of art, film, and sporting memorabilia. He has been working as an auctioneer for 35 years and has sold over 310,000 lots for a total of over £2.7 billion.
Pursue Value for IPL 2020
The pocket value for each franchise for IPL 2020, is decided to be Rs 85 crore per team in addition to their balance from last year’s auction. The purse value is Rs. 3 crores more than the previous year’s pursue value, which was Rs 82 crore for each team in 2019.
From last year’s auction, Kings XI Punjab is carrying the highest amount in their kitties of Rs 42.07 crores, followed by Kolkata Knight Riders with Rs 35.65 crore and Royal Challengers Bangalore with Rs 27.90 crore.
The IPL 2020 auction is going to be the last one. From the year 2021, the franchise will have to disband and form their teams from scratch.