Home » Sports » Naveen Jindal, chairman of JSPL Throws His Hat For Odisha-Based Team

Naveen Jindal, chairman of JSPL Throws His Hat For Odisha-Based Team

Mumbai/Cuttack:21/10/21: English Premier League heavyweights Manchester United’s owners, the Glazer family, are reportedly interested in buying a new Indian Premier League (IPL) franchise.

United’s American owners have reportedly shown interest in picking up the Invitation To Tender (ITT) floated by the Board of Control for Cricket in India (BCCI) through a private equity company. The Glazers have been enamoured by the IPL’s popularity and are tracking the developments of the world cricket’s most valuable asset.

To invite bids, the BCCI has put up six cities — Guwahati, Ranchi, Cuttack (all East), Ahmedabad (West), Lucknow (Central Zone), and Dharamsala (North) — for sale. The ITT floated by the BCCI has some strict clauses that will favour the mega-rich Glazers. For example, any potential bidder needs to submit an average turnover of Rs 3,000 crore. In addition, to be eligible to bid, the party has to have a personal net worth of Rs 2,500 crore.

However, the turnover clause was recently revamped by the BCCI as several interested bidders made a request to lower the value in order to meet the eligibility criteria.

“So, technically, overseas investors are eligible to submit a bid if they meet these conditions. We don’t really know whether Man U owners will come to the bidding table. What we certainly know is that they’ve shown interest,” TOI has quoted a person in the know.

Meanwhile, according to Cricbuzz, “A top European football club, a venture capitalist group that owns the rugby league in Europe and ran the Formula One previously and an Orissa-based industrial house that produces steel, power and coal are among the new additions to the list of aspirants to own an Indian Premier League (IPL) franchise.”

The Odisha-based industrial house showing interest has piqued the interest of cricket lovers across the state who have been waiting with bated breaths to see if Cuttack gets picked up in the auction. The industrial house in question is believed to be Jindal Steel and Power Limited (JSPL). Naveen Jindal, chairman of JSPL, is reportedly weighing up options to have a franchise in Cuttack in Odisha where JSPL has set up several industries.

The Barabati Stadium in Cuttack is all set to host a T20I between Team India and the West Indies in February 2022.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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