TEAM OWNER RULES

The GNLU Cricket league (GCL) is a professional University league starting this year

based on franchise based cricket with the intent to put together a really strong cricketing

environment to ensure a thrilling tournament for the cricket lovers. Bringing a new team will

inject new ideas and hopefully add lots of excitement to the upcoming season. The following

rules have to be adhered to while applying for a team:

• There will be only 4 teams up for grab.

• The team can be owned by paying the base price of Rs. 2500 (real money) and if there

are more than 4 interested parties then bidding for the team will happen and the top 4

bidders will get the chance to own a team. The team owners are required to deposit

the bid amount within 24 hours of the selection of the team owners. ( i.e. they have to

deposit Rs. 2500 in case there are not more than 4 team owners. If more than 4 team

owners have applied then in that case the team owner is required to pay the amount

which he/she has successfully bidded.)

• There cannot be more than 6 members co-owning a team.

• Owner cannot be the player.

• The team owner can choose their captain from the pool of players who have expressed

their interest to become captain and if more than 1 team wants the same captain, then

the captain would have the option to choose the team owner from those who are

interested. Base price of the player who is elected as a captain would automatically

become Rs. 2 Crore which will be deducted from the maximum purse limit (Rs 60

Crore- virtual money) of the team.

• The total amount (real money) which will be collected from the bidding process will

be allocated as prize money further given to winner and runners up in the ratio of

65:35.

AUCTION RULES

REGISTRATION

Players can register with a registration fee of Rs.50 for participation in auction. If the player

remains unsold, then the registration fee would be returned back.

Once registered, a player cannot un-register himself from the auction list. The registration fee

would only be returned back in case the player remains unsold.

Players are requested to decide their base price appropriately.

BASE PRICE

Players have to register and provide their own base price.

The base price can only be from the following prices:

10,00,000 (10 Lac)

20,00,000 (20 Lac)

50,00,000 (50 Lac)

1,00,00,000 (1 Crore)

1,50,00,000 (1.5 Crore)

2,00,00,000 (2 Crore)

The increment in bid is fixed. Bidding will take place through Virtual Money.

The increment in bid can be done as following only and the following cannot be deviated

from:

Bid Till 50,00,000 (50 Lac) :– Increment of Rs. 5,00,000 (5

Lac)

Bid From 50,00,000 (50 Lac) to 1,00,00,000 (1 Crore) : –Increment of Rs. 10,00,000 (10

Lac)

From Rs.1,00,00,000 (1 Crore) onwards : – Increment of Rs. 50,00,000 (50

Lac)

TEAM PURSE

A team has a purse of Rs. 60 Crore (Virtual Money). This is the limit a team can spend

during the auction. No extra virtual money would be allowed for bidding purposes.

The minimum number of players a team must have is 15.

If a team exhausts its purse of Rs.60 Crore and is unable to have 15 players in the team, then

the team owner/s will have to pay a fine of Rs.500 (real money) for every number of player

less than 15.

The team owner/s cannot participate in the bidding process once the purse limit of Rs.60

Crore is reached.