At least three bids expected for new IPL franchise

For the second time in as many months, the BCCI’s mandarins will assemble in an attempt to find a new franchise owner for the IPL on Thursday. Their last attempt was foiled when the owners of Deccan Chargers rejected the sole bid by PVP Ventures to take over the then beleaguered (and now terminated) Hyderabad franchise on September 13, and the BCCI would be hoping Thursday does not see a repeat.
Despite several litigation issues that have dogged the league over the last year and the departure of its title sponsor, it is unlikely the new invitation to tender – floated by the board on…

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