Board of Control for Cricket in India (BCCI) has shifted the venue for Indian Premier League (IPL) cricket auctions from Bengaluru to Kolkata, for the first time, and is said to commence from 19th December onwards.
The 2020 auction will be the last small auction before the franchises scatter next year and prepare to construct new squads at a mega auction in 2021. The largest IPL auction that took place previously was in January 2018 when the franchises were permitted to retain five players before building new squads.
The city is home to Shahrukh Khan co-owned KKR (Kolkata Knight Riders). The trading window, open currently, will close on 14th November.
According to reports, the franchises were initially allotted Rs85 crore to build their squads for 2020. Each franchise will also be given extra Rs 3 crore, in addition to their balances. This year, the budget has been increased by Rs 3 crores as in 2019 when the franchises were initially allocated Rs 83 crores.
The GMR and JSW group owned Delhi Capitals have the biggest balance of Rs 8.2 crore, followed by Manoj Badale owned Rajasthan Royals at Rs 7.15 crore and Shahrukh Khan co-owned Kolkata Knight Riders at Rs 6.05 crore. According to reports, the remaining funds left ahead of IPL 2020 auction were Sunrisers Hyderabad at Rs 5.3 crore, Kings XI Punjab at Rs 3.7 crore, Chennai Super Kings at Rs 3.2 crore, Mumbai Indians at Rs 3.05 crore and Royal Challengers Bangalore at Rs 1.8 crore.