Manchester United‘s owners, the Glazer family, have shown interest in buying one of
the two new IPL cricket teams.
NSL LEARNT: the Glazers have collected the tender document for the purchase of
one of the franchises ahead of an auction next week.
Buying the invitation to tender (ITT) does not guarantee the American billionaires
will submit a bid for an IPL team, valued at more than £300million.
But they are one of up to 18 parties to express interest, alongside a number of
Indian businesses and CVC Capital Partners, the private equity firm, who have
previously invested in rugby’s Six Nations and Premiership.
The IPL – cricket’s most successful Twenty20 competition – is currently made up of
eight teams but is expanding to 10 participants next year. The ITT, which costs
around £10,000, was first put out at the end of August and the deadline for
purchasing it closed on Wednesday.
Closed bids for the new franchises will then be submitted at an auction currently
scheduled to take place on Monday in Dubai with an announcement expected the
The cities shortlisted to host the two teams are Ahmedabad, Lucknow, Indore,
Cuttack, Guwahati and Dharamsala.