The Indian Premier League (IPL) is gearing up for its mega auction, which is set to take place in Riyadh, Saudi Arabia, from November 24 to 25, 2024. This will be only the second time the auction is held outside India, marking a significant milestone for the league.
IPL Auction Details
- Dates: November 24-25, 2024
- Venue: Riyadh, Saudi Arabia
- Franchise Retentions: All ten franchises have announced their list of retained players, with a total of 46 players retained across the league. The highest retention fee was for Virat Kohli at Rs 21 crore by Royal Challengers Bangalore (RCB).
- Purse: Each team has a salary cap of Rs 120 crore to form a squad of 25 players. Punjab Kings (PBKS) head into the auction with the largest purse of Rs 110.5 crore.
- Notable Players Released: Several high-profile players, including Rishabh Pant, KL Rahul, Shreyas Iyer, and Arshdeep Singh, have been released and will be available for auction.
Significance
The decision to hold the auction in Riyadh is part of the IPL’s efforts to expand its global footprint and engage with a wider audience. The event is expected to draw significant attention, with franchises keenly strategizing to build competitive squads for the upcoming season.
With the auction approaching, fans and franchises alike are eagerly awaiting the opportunity to see which players will be picked up and how the teams will shape up for the 2025 season.
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