IPL 2022 Mega Auction Date Revealed - Auction to be held in 1st week of February: Reports

IPL 2022 Mega Auction Date: The hype around the elite Indian Premier League (IPL) 2022 has grown even bigger as the latest reports from the media sources reveal the dates for the upcoming IPL 2022 Mega Auction. The much-needed update on the news of the IPL 2022 Mega Auction is here.

The Board of Control for Cricket in India (BCCI) and IPL Governing Council has confirmed that the IPL 2022 Mega Auction will be held in the first week of February. The auction will be a two days event, similar to the other mega auctions that happened in 2018.

As per the reports of Cricket.com, the governing body has informed the franchises about the mega auction date. However, uncertainty in the decision on CVC Capitals betting involvement and its IPL association has caused a bit of delay in the auction.

Earlier, the mega auction IPL 2022 was scheduled for the first week of January, however, the plans were later pushed as the BCCI extended the final deadline to submit the draft pick of three players for the two new IPL franchises. 

It is evident that the IPL 2022 Mega Auction will be bigger than ever due to the addition of the two new IPL teams in Lucknow and Ahmedabad

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The reports also revealed that the event will be held either in Bangalore or in Hyderabad as the two cities have better screening facilities. 

CVC Capitals betting involvement case:

CVC Capitals Partners, the company which won the operating rights of the Ahmedabad based new IPL team for a massive INR 5625 Croes, hasn’t yet received the letter of intent from the BCCI. The Irelia Company Pte Ltd (CVC Capitals Partners) have been found to be involved with the major betting firms in the UK.

The BCCI has formed a panel of judges to check the business roots of the CVC Capitals as betting is banned in India.

The case is likely to come at the verdict by the end of this month. An esteemed panel of judges has been appointed by the BCCI to investigate the matter. The high profile panel consists of some bigwigs of Supreme Court and High Court judges.

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