The AGM is reportedly scheduled to take place on December 24, 2020.
The pandemic which shook the whole world this year, certainly had its major impact across the sporting world, major tournaments across various sports were either cancelled or postponed, IPL (Indian Premier League) being one of them.
The 13th edition of the IPL was a huge success despite the delay due to the pandemic, giving all the credits to the BCCI and the host nation UAE. As soon as the tournament got over there were rumors all around of two new teams being added before the next edition, though none of the BCCI officials confirmed the same.
However, it is now being understood that amongst all the other matters to be discussed at the AGM, the BCCI is probably set to go through major discussions over the addition of two new teams being added ahead of the 14th edition of the tournament, with only four months left for the event. If two new IPL teams are added, then there might be a grand auction taking place, while a slightly mini auction will happen in the other case.
While multiple corporates have shown interest, the BCCI will also try and offer stake or a team to promoters of the now-defunct Kochi franchise as a compensatory measure, as the BCCI owes more than 5000 crores to Kochi promoters after a court-appointed arbitrator ruled against the board for wrongful termination.
It is reportedly also assumed that the current franchises are against the idea of adding two new teams for the next edition of the tournament as they don’t have much time left to prepare for a grand auction.