IPL new team announcement postponed

Indians were disappointed on a most awaited IPL new IPL teams which was about to be announced today. But it seems that IPL authorities have canceled the bids which were given by various business people who were willing to own a cricket team for their state. IPL has cancelled all the bids and brought some new rules to bid the teams. It seems that those who are willing to own a team, their property should worth for 5000 crores. Also they should show a surety of 500 crores in bank. This last minute change in the rule has disappointed most of the IPL bidders. It seems that after the new rules, any owners are backing off themselves from their decision to buy an IPL team. Let’s wait and see what happened in the world of IPL.