IPL 2020: Player auctions to be held in Kolkata on December 19

This will be the first time, players' auction is being conducted in Kolkata. The city is the home ground of the Shah Rukh Khan co-owned Kolkata Knight Riders (KKR) franchise

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The richest T20 league in the world, Indian Premier League (IPL) will be witnessing the beginning of a new season in 2020 but the buzz around the cash-rich tournament has already begun. The players' auction for the upcoming season of the T20 league will be held on December 19 in Kolkata. The decision comes after the event's Governing Council decided about the same in a meeting on Tuesday, November 5.

Usually, the glamourous league takes place in April-May every year and prior to its inception, a players' auction is held during November-December. This will be the first time, players' auction is being conducted in Kolkata. The city is the home ground of the Shah Rukh Khan co-owned Kolkata Knight Riders (KKR) franchise.

According to the reports, the auction will be held in Kolkata on December 19, thus eliminating the traditional venue of Bengaluru, where the auction has been held over the years. Meanwhile, this year the franchises have been allotted ₹85 crore each for IPL 2020 instead of previous limit ₹82 crore per team for the 2019 season.

Funds that are available with franchises ahead of IPL 2020 auction:

  • Chennai Super Kings ₹3.2 crore
  • Delhi Capitals ₹7.7 crore
  • Kings XI Punjab ₹3.7 crore
  • Kolkata Knight Riders ₹6.05 crore
  • Mumbai Indians ₹3.55 crore
  • Rajasthan Royals ₹7.15 crore
  • Royal Challengers Bangalore ₹1.80 crore
  • Sunrisers Hyderabad ₹5.30 crore
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