Kolkata is all set to host it’s first IPL auction on December 19th later this year. Most of the auctions have taken place in Bengaluru and Kolkata Knight Riders would be welcoming the event to their city.
Each franchise will have 85 Crores budget , as reported by ESPNCricinfo. The leftover budget from last auction and a 3 Cr purse would also be included.
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.
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.