Auctions of the Indian Premier League’s 11th edition will be held in Bengaluru on January 27 and 28. The news was confirmed by a senior BCCI official.
“Since most of the capped players will be back in auction, it will be a mega auction that will be held in Bengaluru on January 27 and 28. Since Bengaluru has been hosting all previous auctions, that was the choice of franchises,” a senior BCCI official told PTI on Tuesday.
Franchises will each begin with an auction purse of INR 80 crores to build a 25-member (max) squad. This increase in purse value (up from INR 66 crores in 2017) is a direct consequence of the increased revenue for the league through title rights sale.