"Under this invitation to tender, the winning bidder will be granted the right to own and operate a new team which will compete in the IPL in each year from and including 2013 onwards and will have the opportunity (if applicable and subject to qualification) to compete in each and any CLT20 which is staged from 2013 onwards." the BCCI said in an advertisement published in leading newspapers.
The bids have been invited in respect of 12 cities -- Ahmedabad, Cuttack, Dharamsala, Indore, Hyderabad, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Vizag.
The tender notice said that all bidding parties will need to fulfil the eligibility criteria and other requirements specified in the Invitation to Tender.
"Bids must be submitted at 12 noon IST on Thursday October 25. The winning bids will be announced in the manner set out in the Invitation to Tender," the BCCI advert said.
Earlier, after a month long legal battle, Deccan Chargers lost their status as an IPL team after the Bombay High Court stayed the order of Arbitrator for maintaining status quo on the matter till further hearing. MORE