Five new bidders to join IPL race, results tomorrow

A fortnight after the tender process was cancelled due to poor response, the race to own two new IPL teams has heated up.




As per BCCI sources, the bidders had lined up by 5pm on Friday, the cut-off time for submission of bids, to qualify for the auction which will take place on Sunday morning.



Some of the potential bidders are Sahara India, Videocon and Adani Group, Jaypee Group and a Pune consortium of Cyrus Poonawala, say sources.



The bids will take place in Chennai on Sunday morning and the winners will be announced the same day, sources said.