As this will not be the first time the IPL will comprise 10 teams that already happen 10 yeras ago. BCCI confirm in a release that the season will comprise 74 matches with each team playing seven home and seven away games.
It means that the tournament is likely to revert to the format use in 2011.
The 10 teams were broken into two groups of five but were rank on one consolidated points table.
Each team play the other four in their group both home and away which complete eight matches, four of the teams in the other group once each which complete four matches, either home or away, and the remaining team in the other group twice, both home and away.
A random draw will decide the composition of the groups as well as who play whom across the groups once and twice.
The last time more than eight teams play in the IPL was in 2013 when nine teams took part and play a total of 76 matches.
Player Retention
The IPL has not share any details of its retention policy with the franchises, but it is now known that there will be no right-to-match cards.
It is also likely that a franchise will be allow to retain a maximum of four players, with the local and overseas combinations yet to be decide.
The two new franchises will then get to buy an equal number of players before the auction through a draft system and the same one that was use in 2016 when Rising Pune Supergiant and Gujarat Lions briefly replace Chennai Super Kings and Rajasthan Royals.
Impact on Eight Existing Franchises
The higher the amount the two new bid for their franchises, the higher the amount the original eight will get if they ever decide to sell, like Delhi Capitals did in 2018, when Jindal South West (JSW) bought 50% ownership from the GMR group.
The valuation of the Delhi franchise was about INR 1100 crore and JSW paid half that amount.
People can still buy a share of it from an existing franchise for lesser money and enjoy the of being an owner.
Paying these massive amounts to the BCCI means the new franchises will take that much longer to make a profit.
There are three main revenue streams for a franchise :
The central rights income a share of media rights income and central sponsorship, team sponsorship and gate revenues.
After the record sum paid by Star India in 2017 for media rights, each of the existing eight franchises earn close to INR 200 crore from the IPL’s media rights central pool.
That is to get even bigger as a result of adding two new teams, potentially up to the INR 275-350 crore mark per season per franchise going forward for 10 years.
All the franchises derive their main income from IPL’s central media rights pool.
The new franchises will need to pay out their bid amount over a 10-year period.
Each franchise has to pay 20% of its overall revenue as franchise fee to the BCCI from year 11.
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