CVC Capital Partners retained by BCCI – as per unconfirmed Reports

“BCCI gives CVC Capital Partners’ green signal for acquisition of the Ahmedabad franchise in the Indian Premier League,” says an unconfirmed report. This will enable CVC to participate in the Mega Auction now.

“CVC has two funds, European funds and Asian funds. While its European funds have links with betting companies, where betting is legal, its Asian fund is clean,” said BCCI official who attend the AGM.

CVC Capital Partners were the second-highest bidder, as the BCCI got two new franchises from the 2022 IPL onwards. While they won the Ahmedabad franchise for Rs 5,625 crore, the Lucknow franchise went to the highest bidder, the Sanjiv Goenka-claimed RPSG Group, for Rs 7,090 crore.