- IPL Auction to be held on December 19.
- Venue changed to Kolkata.
- Mini auction to be held at the end of transfer window on November 14.
Although the trading window for this year has been busier than previous years, a mini-auction will be held before the start of the 13th edition of Indian Premier League (IPL). As opposed to last year, the auction will be hosted in Kolkata.-- Advertisement --
As per ESPNCricinfo, the auction for IPL 2020 will be held on December 19 at the new venue. November 14 is the last day for the trading window.
All the eight franchises in IPL were informed about the closing date of the trading window, according to the report. Moreover, ₹ 85 crore was allocated for the 2020 season which is ₹ 3 Crore more than last year.-- Advertisement --
In addition to that, the teams are also allowed to use the money that was not spent in the last year’s auction. Royal Challengers Bangalore have the least amount remaining from last season (₹ 1.8 crore) while Rajasthan Royals has the most with ₹ 7.7 crore remaining.
Delhi Capitals are negotiating a bid with Kings XI Punjab to sign R Ashwin, their current captain, who was signed for ₹ 7.6 crore in 2018. He has led Kings XI Punjab for 14 matches in 2019’s IPL edition with 15 wickets to his name.
“We would be more than happy to have Ashwin if KXIP is ready to release him,” said mentor Sourav Ganguly who has expressed interest in signing R Ashwin, held back due to the financial negotiations.
With a mega auction set for 2021, all 8 franchises will be confident in signing big names in the upcoming sale.
Funds remaining ahead of IPL 2020 Auction
Chennai Super Kings – ₹ 3.2 crore, Rajasthan Royals – ₹ 7.15 crore, Kings XI Punjab – ₹ 3.7 crore, Kolkata Knight Riders – ₹ 6.05 crore, Delhi Capitals – ₹ 7.7 crore, Mumbai Indians – ₹ 3.55 crore, Royal Challengers Bangalore – ₹ 1.80 crore, Sunrisers Hyderabad – ₹ 5.30 crore.