The Board of Control for Cricket in India (BCCI) on Sunday published advertisements in newspapers, calling bids for 12 new India Premier League (IPL) franchisees, including Hyderabad.
âThe winning bidder will be granted the right to own and operate a new team, which will compete in the IPL in each year from and including 2013 onwards,â said Sanjay Jagdale, honorary secretary, BCCI.
The last date for submitting documents is 25 October.
The cities for which bids were invited include Ahmedabad, Cuttack, Dharamsala, Indore, Hyderabad, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Vizag.
The Bombay high court on Saturday stayed the status quo order by the court-appointed arbitrator in the Hyderabad IPL franchise Deccan Chargers termination case, paving the way for BCCI to call fresh bids for Hyderabad franchise.