Indian Premier League (IPL) governing council have announced that the player auction for the 2020 edition of the cash-rich league will be held in Kolkata on Dec 19th, 2019. It will be the first time the player auction event will be conducted at a new venue after it has been held only in Bangalore previously.
The 8 franchises were allotted Rs 82 crore each for IPL 2019 auctions, while Rs 85 crore per team has been allotted for the upcoming event, with an additional purse of Rs 3 crore in the balance from the last auction.
Funds left with franchises ahead of IPL 2020 auction:
Chennai Super Kings: Rs 3.2 crore, Delhi Capitals: Rs 7.7 crore, Kings XI Punjab: Rs 3.7 crore, Kolkata Knight Riders: Rs 6.05 crore, Mumbai Indians: Rs 3.55 crore, Rajasthan Royals: Rs 7.15 crore, Royal Challengers Bangalore: Rs 1.80 crore, Sunrisers Hyderabad: Rs 5.30 crore
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