The bidding process for owning two new IPL teams will begin from February 21, tweets IPL Chairman & Commissioner Lalit Modi on Wednesday .
"Tenders can be collected from BCCI/IPL offices from 21st February for 2 new Teams. The bids will be opened on 8th March 2010 in Mumbai", said Modi.
The Base price will be $ 225 million for the two new teams, he wrote.
Details of criteria for bidding will be available in the tender document.
New Team owners and management will have access to IPL season 3 which would prepare them better for Season 4.
Ahmedabad, Nagpur, Kanpur, Dharamshala, Indore, Cuttack, Gwalior, Vishakhapatnam are the current cities with stadium that can invite bids.
While Rajkot, Pune, Baroda and Cochin, which have new stadium going under construction will also be eligible for the bid.
The details for the bidding process for two new teams will be posted on IPLT20.com on February 21, he said.
The IPL commissioner wishes "everyone the best of luck to own the next two valuable IPL franchises".
In addition IPL commissioner Lalit Modi also revealed information in regard to the current edition of the Indian Premier League which is starting on March 12.
Tickets
The IPL has started selling tickets through its official site. And the IPL franchises have also made tickets available online.
Theatres
"The list of theatres that will show 3D globally will be continuously updated on the IPLT20.com site as and when they get signed", tweets Modi.
Globally which theatres and restaurants and bars will be showing IPL will be also be uploaded on the official site.
The site will have country by country list where you can watch IPL and by what medium.
IPL on Colors
The IPL rock stars show will be telecast live from IPL stadiums on Colors.
"They just presented their show, it was fantastic. You can become a rock star", said Modi.
Food stalls
All the venues will have uniform clean hygienic food stalls. The venues will have proper kiosks, marked pricing and clearly branded stalls. It will be a unique and better experience for the Twenty20 extravaganza watchers.
