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.
Kolkata Knight Riders (KKR) and Sunrisers Hyderabad (SRH) have the smallest purse at Rs 10.75 crore.
Virat Kohli’s Royal Challengers Bangalore (RCB) need to fill in 11 slots with a wallet of Rs 35.40 crore.
Anil Kumble’s Punjab Kings have nine places to fill up.
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.