The IPL 2024 auction to take place at Kolkata on 19 December 2019. The eight franchises of the tournament will have a total of Rs.62.15 crore to spend in this auction. The auction has mostly been held at Bangalore. But, this year the venue has been changed to Kolkata. The currently open trading window will close on November 14.
IPL 2024 Auction Budget remaining with the teams
If we talk about the teams that are left with the biggest balance, Delhi Capitals tops the list. The Delhi based franchise has Rs.8.2 crore, according to a report by espncricinfo.com. Delhi Capitals might use this budget to onboard R Ashwin, the captain of Kings XI Punjab. They are currently in talks with the player and financial negotiations are being held. Mentor Sourav Ganguly has also expressed his will to sign Ashwin. Ganguly said, ‘We would be more than happy to have Ashwin if KXIP is ready to release him.’Rajasthan Royals follow the Delhi Capitals on the list with a budget of Rs. 7.15 crore. Kolkata Knight Riders take the third spot with a balance of Rs. 6.05 crore. Sunrisers Hyderabad follow with a balance of Rs. 5.3 crore.
Kings XI Punjab takes the fifth spot in the list with a balanced fund of Rs. 3.7 crore. Chennai Super Kings, on the other hand, have a balance of Rs. 3.2 crore in their bank.
The champions of last season, Mumbai Indians are left with Rs. 3.05 crore and Virat Kohli’s Royal Challengers Bangalore have Rs. 1.8 crore.
IPL Auction 2024 Date and Venue
The IPL Auction 2024 will take place at Kolkata on December 19 this year. Usually, Bengaluru has been the most preferred venue for the auction. But, BCCI decided to go for a change this year. This year’s auction will be the last small auction before all the franchises prepare a fresh squad next year. The auction for IPL 2024 will be a mega auction. The reason behind it is that in 2024, the franchises will disband themselves and create a completely fresh squad. The last mega auction took place for IPL 2018.
Current window to close on 14th November
The current transfer window open for trading will close on 14th November this year. Originally, the franchises were allotted Rs. 85 crore (approx. US $12 million) to build the squads. Every side will have an additional purse of Rs. 3 crore too.