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IPL 2021 Updates: KXIP have a hefty amount left in their purse while RCB looking to purchase more in number

Just after two months of the end of the 13th edition of the Indian Premier League (IPL), preparations for the next edition have started in earnest. Mega auctions are held in the IPL every three years. Accordingly, a mega auction was to be held this year. However, due to the short gap between the two editions, the mega auction will be held next year.

The auction of the 14th edition of the IPL is going to be held on February 18, 2021 in Chennai. The franchises announced the names of the players who have been released and retained for the 14th edition of the IPL on January 20. A total of 57 players from eight franchises have been released. Royal Challengers Bangalore released the maximum number of 10 players and IPL 2021,IPL Auction,Cricket India,BCCI,Dream11,Vivo released the minimum number of 5 players. Each franchise has to form a team of 18 to 25 players. Where a maximum of 8 foreign players can be kept in each team. Franchisees can spend a maximum of Rs. 85 crore to organize their team.

The amount of money that franchisees still have to sort the team before the auction:

Kings XI Punjab – 53.20 crore

Royal Challengers Bangalore – 35.90 crore

Rajasthan Royals – 34.85 crore

Chennai Super Kings – 22.90 crores

Mumbai Indians – 15.35 crores

Delhi Capitals – 12.9018 crore

Kolkata Knight Riders – 10.75 crore

Sunrisers Hyderabad – 10.75 crore

Vacant slots remaining for overseas players: 

Kings XI Punjab – 5 person

Royal Challengers Bangalore – 4 person

Mumbai Indians – 4 person

Rajasthan Royals – 3 person

Delhi Capitals – 3 person

Kolkata Knight Riders – 2 person

Chennai Super Kings – 1 person

Sunrisers Hyderabad – 1 person

However, no title sponsorship of IPL 2021 has been found so far. The Board of Control for Cricket in India (BCCI) is still looking for title sponsorship. Vivo, the IPL’s main title sponsor, had asked the BCCI to suspend their contract for a year following tensions on the Indo-China border last June. As a result, Dream11 took over the opportunity that year in the absence of the original title sponsor, Vivo. But their contract was only for IPL 2020 and it expired on December 31. However, the BCCI is still hopeful of renewing its contract with Vivo.

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