The next Indian Premier League (IPL) auction will be held on December 19 in Kolkata, the event’s Governing Council decided in a meeting in Mumbai on Tuesday. The league is usually held in April-May every year and players’ auction is being conducted in Kolkata for the first time. While the franchises were allotted Rs 82 crore each for IPL 2019, Rs 85 crore per team has been earmarked for the 2020 season. Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.

The next Indian Premier League (IPL) auction will be held on December 19 in Kolkata, the event’s Governing Council decided in a meeting in Mumbai on Tuesday. The league is usually held in April-May every year and players’ auction is being conducted in Kolkata for the first time. While the franchises were allotted Rs 82 crore each for IPL 2019, Rs 85 crore per team has been earmarked for the 2020 season. Every franchise will also have an additional purse of Rs three crore in addition to the balance in their kitties from the last auction.