Venue and auction date for IPL 2020 revealed

In good news for cricket fans, the captivating Indian Premier League (IPL) 2020 auction date and venue have been finally confirmed and it will take place on December 19 in Kolkata.

Venue and auction date for IPL 2020 revealed
IPL trophy

The intriguing mega auction is going to be really interesting and it will be held at Kolkata for the first time. Most of the times, the auctions have been held in Bengaluru so far.

Well, West Bengal capital is home to the Kolkata Knight Riders, co-owned by Bollywood star Shah Rukh Khan.

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The transfer window that is now open will come to a close on November 14, and all the franchises were notified about it on Monday, as per a report in ‘ESPNCricinfo’.

While the respective franchises were allotted a sum of Rs 82 crore each for the IPL 2019, Rs 85 crore have been allocated for the upcoming 2020 season.

The franchises were originally allotted Rs 85 crore only to strengthen their teams for 2020. Every franchise will also have an additional purse of Rs 3 crore in addition to the balance in their kitties from the last auction.

Delhi Capitals have the biggest wallet balance which is Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and then Kolkata Knight Riders at Rs 6.05 crore.

It should be noted that this year’s mega auction is the last one before the franchises break up next year and prepare to gather together fresh squads from 2021 at a mega auction.

The enthralling event usually runs between April and May each year.

8 IPL franchises have funds left ahead of IPL 2020 auction. Chennai Super Kings have Rs 3.2 crore funds left ahead of the upcoming auction, Delhi Capitals – Rs 7.7 crore, Kings XI Punjab – Rs 3.7 crore, Kolkata Knight Riders – Rs 6.05 crore, Mumbai Indians – Rs 3.55 crore, Rajasthan Royals – Rs 7.15 crore, Royal Challengers Bangalore – Rs 1.80 crore, Sunrisers Hyderabad – Rs 5.30 crore.

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