The Bangladesh Premier League will take some shape today when the franchise bidding programme takes place at a local hotel.
The Twenty20 competition which has been structured IPL-style will have six team owners for the different teams.
Nine different bidders have so far bought bidding documents, though most of them are associations of two or three different companies. Each of these associations will drop their quotation for the franchise they are interested to buy. If there is a single bidder for one franchise, it will go on auction, the minimum bidding price being a million dollars (Tk 8 crore 20 lakh).
Sirajuddin Alamgir, BPL governing council secretary, said that they were pleased with the response so far.
"We are more than happy. Through these bidders, some more people are getting connected to the BPL. They are being encouraged to get involved," he said yesterday. Alamgir also informed that some of these bidders are associated with foreign companies.
The rumours of IPL franchises' involvement could also be true as teams like Royal Challengers Bangalore, Kolkata Knight Riders and Delhi Daredevils have shown interest in acquiring stakes in the different franchises. What has hindered them from directly buying a franchise so far is the slow pace of official formalities.
It was learned that several of the country's business houses including Europa Group, Orion Group and Walton have put forward a bid.
After the documents are opened at mid-day, there will be accumulation of data through template and live projection and the results will be declared within the hour.
Among the franchises, Dhaka, Rajshahi and Khulna are said to be in high demand for various reasons. It was heard that three bidders have the capital's franchise while the defending Twenty20 champions Rajshahi are also sought after. Khulna's appeal too is most likely due to Shakib Al Hasan being their icon player.
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