IPL 2022: Green Signal for the Ahmedabad franchise!!

Sowmiya Sriram
IPL 2022: Green Signal for the ahmedabad franchise!!

 Information that all obstacles related to CVC capital have been removed in the wake of the IPL-2022 mega auction. bcci seems to have given the green signal to the ahmedabad team, which was bought by the equity firm, to participate next season. CVC capital, a world-renowned fund management company, is based in London, headquartered in Luxembourg. However, these are affiliated with Sisal and Tipico. Of these, Sisal is a betting gaming and payments company, while Tipico sports is a betting and online company.
In this context, it is known that former IPL commissioner Lalit Modi has indirectly criticized the admission of CVC capital into the league. "Betting companies are also buying IPL teams. I think this is the new rule. One of the biggest betting companies is about to enter the IPL. What is the bcci doing? What kind of decision does the anti-corruption department make at such a time? ''
The bcci has launched an inquiry into CVC capital in the wake of these developments.

However, according to the latest information, the way seems to be clear for the ahmedabad team of the company to enter the IPL-2022. CVC has both a european fund and an Asian fund, of which only the european Fund is affiliated with betting companies.
The mega auction is reportedly being delayed due to an issue with the ahmedabad franchise. Now that the barriers have been removed, the process will begin soon. The new teams are likely to be led by KL rahul to lucknow and shreyas iyer to Ahmedabad. It is learned that CVC capital has acquired the ahmedabad franchise for Rs 5,625 crore.
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