IPL auction to be held on Feb 12 and 13 in Bengaluru

NEW DELHI: The BCCI is planning to hold the twoday mega Indian Premier League auction on February 7 and 8 in Bengaluru, a senior BCCI official said on Wednesday. It could well be the last mega auction that BCCI might conduct as most of the IPL franchises want it to be discontinued.

The eight existing IPL teams had already completed their retention process on November 30, and will be going into to the pool to rebuild their sides on February 12. Like the existing teams, the new franchises will also start with a purse of INR 90 crore (US$12 million approx.) to make offers for up to three players before the mega-auction. Their purse on auction day will depend on how many players they end up drafting pre-auction.