IPL auction 2021 | Bidding for the world’s most high-profile T-20 cricket tournament
The IPL mini-auction 2021 is expected to see a lot of action from the eight franchise owners today afternoon (from 3 pm onwards) at Chennai’s ITC Grand Chola Hotel.
The auction will decide on the lucky players among 292 short-listed, which includes 164 Indians. It is likely to witness a transaction close to Rs 200 crore, but all eyes will be on Punjab Kings, which carries the fattest wallet of them all – Rs 53.20 crore.
In the IPL, a team can only have a maximum of 25 players in their squad with a cap of not more than eight overseas players. And no franchise can spend beyond the highest limit of Rs 85 crore.
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Kolkata Knight Riders (KKR) and Sunrisers Hyderabad (SRH) have the smallest purse at Rs 10.75 crore.
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Virat Kohli’s Royal Challengers Bangalore (RCB) need to fill in 11 slots with a wallet of Rs 35.40 crore.
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Anil Kumble’s Punjab Kings have nine places to fill up.
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Rajasthan Royals have the second fattest wallet of Rs 37.85 crore and nine slots to fill.
The bidding war starts at 3 pm today.
