The players' auction for the next Indian Premier League (IPL) will be held at Kolkata for the first time, on December 19.
The West Bengal capital is home to the Kolkata Knight Riders, co-owned by Bollywood star Shah Rukh Khan. The auctions have mostly been held in Bengaluru so far.
The trading window that is currently open will close on November 14, and all the franchises were informed about it on Monday, according to a report in 'ESPNCricinfo'.
While the franchises were allotted Rs 82 crore each for the IPL 2019, Rs 85 crore have been allocated for the 2020 season.
The franchises were originally allotted Rs 85 crore to build their teams for 2020. Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.
Delhi Capitals have the biggest balance -- Rs 8.2 crore, followed by Rajasthan Royals at Rs 7.15 crore and Kolkata Knight Riders at Rs 6.05 crore.
This year's auction is the last one before the franchises disband next year and prepare to assemble fresh squads from 2021 at a mega auction.
The glitzy event usually runs between April and May every year.
Funds left with franchises ahead of IPL 2020 auction:
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app