The first edition of the most-talked women’s IPL is set to be hosted in March 2023. The Board of Control for Cricket in India (BCCI) is leaving no stone unturned to make the tournament a big success.
Reports say that BCCI will have five treams in the inaugural edition and the base price for each franchise has been kept as Rs 400 crore.
Notably the value of the costliest franchise that was sold back in 2007-08 during men’s IPL was – Mumbai Indians at USD 111.9m (approx. Rs 446 cr) at Rs 40 / dollar.
“To have a well balance of domestic & international players and to have competitive teams, it has been tentatively decided to have five teams for WIPL. Each team can comprise maximum of eighteen players where no team can have more than six overseas players,” said BCCI source.
“The winning franchise will pay the ownership fees to the BCCI over a period of five years in equal instalments and continue to own the property for perpetuity, like in the men’s IPL,” source further added.
Women’s IPL was approved by the General Body of Board of Control for Cricket (BCCI) in India (BCCI) on October 18 this year at the 91st Annual General Meeting in Mumbai.