Prospective team owners will also be able to procure the official tender document from the BCCI-IPL offices at Cricket Centre in Mumbai. The winning bids for the two new IPL franchises will be opened in Mumbai on March 8, 2010. The two new team owners and their management teams will then get full access to IPL 2010 to better prepare them for IPL Season 2011.
The IPL has also announced the names of 12 cities with cricketing infrastructure and stadia that will be eligible to invite bids for the two new franchises. The cities eligible for inviting bids to be host cities of the IPL franchises are Ahmedabad, Nagpur, Kanpur, Dharamsala, Indore, Cuttack, Gwalior and Vishakapatnam. In addition to these cities, Rajkot and Pune, with stadia already under construction, and Baroda and Kochi, which will have new stadia going under construction, will also be eligible.
Lalit Modi, Chairman and Commissioner, IPL, said, "The addition of two new franchises to IPL 2011 is an interesting development for the league from an operational perspective. The IPL is one of the best modern-day innovations in recent sporting history, and this fact will be mirrored in the interest shown globally for the two new franchises during the ITT process. We have scheduled the ITT process at this juncture to give the two new team owners enough time to set up their organisations and also participate in the player's auction process post IPL 2010 for new squads. I wish all the interested prospects all the very best for the Invitation to Tender."
A base price of US $ 225 million per franchise has been set for the two new franchises.