IPL player auction on December 19 in Kolkata

MUMBAI: the auction of players for the next Indian Premier League ( IPL ) will be held on December 19 in Kolkata, the governing council of the event decided at a meeting on Tuesday.

The dazzling league is usually held in April-May of each year and the auction of players takes place in Kolkata for the first time. The city is home to the Kolkata Knight Riders franchise, owned by Shah Rukh Khan.

The IPL auction will be in Kolkata on December 19. It's a departure from the traditional venue of Bengaluru, an IPL governing council member said on conditions of anonymity after the meeting here.

While the franchises were allotted Rs 82 crore each for IPL 2019, Rs 85 crore per team has been earmarked for the 2020 season.

Each franchise will also have an additional portfolio of Rs three crore, in addition to the balance in their kittens of the last auction.

Delhi capitals They have the greatest balance: Rs 8.2 Rs, followed by Rajasthan Royals with Rs 7.15 Rs and Kolkata Knight Riders with Rs Rs 6.05 million.

This year's auction is the last one before the franchises dissolve and prepare to gather new squads starting in 2021 in a mega auction.

Remaining funds with franchises ahead IPL 2020 auction:

Chennai Super Kings - Rs 3.2 crore, Delhi capitals - Rs 8.2 crore, Kings XI Punjab - Rs 3.7 crore, Kolkata Knight Riders - Rs 6.05 crore, Mumbai Indians - Rs 3.55 crore, Rajasthan Royals - Rs 7.15 crore, Royal Challengers Bangalore - Rs 1.80 crore, Sunrisers Hyderabad - Rs 5.30 crore.