Most residents could expect a fair to partly cloudy day ahead
uae3 hours ago
The new tenders, which were to be opened Sunday, will now be floated March 9 and will be opened March 21st without the clause requiring the bidder to have a net worth of $1 billion.
The new tender form will have two amended clauses—one reducing the advance deposit from $100m to a $10m “performance guarantee”, to be submitted 24 hours in advance of the bid being opened.
The second will now have the winning bids paying 10 percent of their bid to the IPL governing council within 48 hours as against the 100 percent within a minimum time frame. The minimum bid amount, however, remains $22 million. The existing tenders were not opened at the IPL governing council meeting in Mumbai and were returned to the bidders.
“The IPL governing council has cancelled the current tender process and will issue a new one with revised conditions this week,” IPL commissioner Lait Modi said.
“The new document will have some new conditions which the IPL governing council believes will benefit the IPL and Indian cricket in the long term.”
The cities in the fray were Pune, Ahmedabad, Nagpur, Kanpur, Dharamsala, Vizag, Rajkot, Cuttack, Baroda, Kochi, Indore and Gwalior.
The base price for the bid is more than four times the value set in January 2008, when the original eight franchises were auctioned.
Most residents could expect a fair to partly cloudy day ahead
uae3 hours ago
This service will be accessible for five days after the link becomes active
uae5 hours ago
Onion has been selling at over Dh6 per kg in the local hypermarkets after India put restrictions on exports last year
uae5 hours ago
Determined to drive all the way to her birthplace of Lagos, her journey involved wild camping for almost 74 days, and a harrowing car crash
travel5 hours ago
Explorers have reported experiencing overflowing wadis across the country
uae5 hours ago
The pre-race favourite is bidding to become the first man to win the Giro d'Italia and Tour de France double since Marco Pantani in 1998
sports10 hours ago
Rublev had lost four consecutive matches before arriving in the Spanish capital but came from a set down to beat his Canadian opponent
tennis10 hours ago
He is best remembered for leading Argentina to the 1978 World Cup triumph
football10 hours ago