BCCI to Delay Announcement on IPL 2025 Retention Policy Till End of September: Report BCCI to Delay Announcement on IPL 2025 Retention Policy Till End of September: Report
BCCI to Delay Announcement on IPL 2025 Retention Policy Till End of September: Report

October 9, 2024

BCCI to Delay Announcement on IPL 2025 Retention Policy Till End of September: Report

As the 2025 Indian Premier League (IPL) season approaches, franchise owners are eagerly awaiting the Board of Control for Cricket in India (BCCI) to announce the retention rules ahead of the mega auctions. According to a report from Cricbuzz, the BCCI may postpone this announcement until the end of the month, with the information potentially being revealed during the Annual General Meeting (AGM) scheduled for September 29.

Originally expected by the end of August, the announcement of the final retention rules may be delayed, as franchise officials have been informed about the possible hold-up. This delay has left many teams in anticipation, as the retention rules will significantly impact their strategies for the upcoming season.

The upcoming IPL mega-auction presents a significant opportunity for franchises to completely revamp their teams in hopes of becoming long-term title contenders. However, the delay in announcing the retention rules means that teams will need to be patient and strategize effectively, hoping that the new policies will work in their favor.

According to reports, all franchises must finalize their retentions by November 15. The Right-to-Match card will also be a feature in the mega-auction, which is scheduled for December 2024. This mechanism allows teams to retain players they have released by matching any bid made for them during the auction.

Read More: Rahul Dravid Set to Return as Rajasthan Royals Head Coach for 2025 IPL Season

Exciting Changes Ahead in IPL as Big Names Face Release

Speculation is already rife, with several big-name players expected to be released from their current squads. This situation could create valuable opportunities for other franchises to acquire talented players and strengthen their rosters, potentially altering the competitive landscape of the league.

A significant change in the IPL landscape was the appointment of Rahul Dravid as the Head Coach of the Rajasthan Royals. Dravid previously served as the Head Coach of Team India, where he played a crucial role in the national team’s T20 World Cup 2024 victory in Barbados. His experience and leadership are expected to bring a new dynamic to the Royals.

As the retention policy is still pending, it will be intriguing to see how franchises decide on their player retentions. Teams may be compelled to release some of their talented players, leading to potential shifts in team compositions across the league.

This uncertainty opens up opportunities for other franchises to capitalize on the talent available in the auction, making the upcoming season all the more competitive. Fans can expect an exciting period of transitions and strategic moves as teams look to strengthen their rosters for the future.

Read More: Zaheer Khan’s Presence Will Help LSG Players Uplift Their Performance: Jonty Rhodes

India’s Richest Man Backs Out From Buying Billion-dollar IPL-winning Franchise: Report

India’s richest man, Gautam Adani, and the Adani Group have withdrawn from the bid to purchase the 2022 Indian Premier League champions, Gujarat Titans. Instead, the majority stake is set to be acquired by Ahmedabad-based Torrent Group.

According to a report by The Economic Times, the Gujarat franchise is undergoing a change in ownership, with a verbal agreement reached between the current owners, CVC Capital Partners, and Torrent Group. The deal is valued at over $1 billion (approximately ₹8,390 crores), marking a significant financial transition for the team.

This shift in ownership could lead to new strategies and investments in the Gujarat Titans, potentially reshaping the team’s future in the league. Fans and stakeholders will be keenly observing how this change impacts the franchise’s performance and overall direction moving forward.

As per the report, “Torrent and CVC have a gentleman’s agreement in place for the Gujarat Titans since a formal deal can only be signed after the lock-in period ends,” one of the sources said on condition of anonymity.”

The deal for the Gujarat Titans will only be finalized after the current ownership lock-in period ends in February 2025. In this reported agreement, Torrent Group is set to acquire the majority stake, while CVC Capital Partners will retain significant minority shares in the franchise.

Read More: ‘If Franchise Released Them, Then Why Buy Back?’: Ravi Ashwin Suggests a New Right-to-Match (RTM) Card, But With a Twist

Adani Group Withdraws from Gujarat Titans Deal Amid Strategic Shift

Sources indicate that the Adani Group may have withdrawn from the deal due to the hefty price tag and the organization’s decision to refocus on its core businesses, which include power and ports. This shift in strategy suggests a more cautious approach to new investments.

It’s worth noting that both the Adani and Torrent Groups were contenders for the franchise rights for Gujarat back in 2021. They submitted bids of ₹5,100 crores and ₹4,653 crores, respectively, but CVC Capital Partners ultimately won the bidding war with a bid of ₹5,625 crores. This history adds an interesting layer to the current ownership transition for the Titans.

The franchise will need to obtain clearance from the Board of Control for Cricket in India (BCCI) to ensure the deal is finalized. Torrent Group, an Ahmedabad-based organization, specializes in the power and pharmaceutical industries and boasts a market capitalization of ₹2 lakh crores. Prior to the 2021 auction for franchise rights, they established Torrent Sports Ventures to strengthen their presence in the sports sector.

Since winning the IPL title in 2022, the Titans reached the finals again in the 2023 season. However, they experienced a significant slump in performance, failing to make the playoffs for the first time in their short history in the tournament. This inconsistency has raised questions about the team’s future direction and the impact of the ownership change on their competitive prospects.

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author
Katarzyna Nowak

Katarzyna Nowak is a seasoned writer with over five years of experience in editorial content, news reporting, and cricket sportsbook app reviews. As an author for IPLWin365 (IPL365 News), she combines her deep understanding of the sports betting industry with a passion for cricket, delivering insightful and accurate content that keeps readers informed and engaged.