As the much-anticipated IPL 2024 auction approaches, all eyes are on the franchises and their strategic spending to build formidable squads. This season is unique as the auction is set to take place on December 19 in the Coca-Cola Arena in Dubai, marking the first time it will be held outside of India due to prevailing political conditions.
With the auction just around the corner, let’s take a closer look at how each franchise has fared in terms of expenditure and the remaining purse for finalizing their squads.
Remaining purse and most spending ahead of IPL 2024 auction
1. Chennai Super Kings (CSK): CSK have been quite active in the pre-auction phase, spending a substantial 68.6 crore. However, they still have a considerable purse left, with 31.4 crores available to fill the remaining slots.
2. Delhi Capitals: Delhi Capitals have shown their intent with a significant spending of 71.05 crores. With 28.95 crores still in their purse, they have room for strategic acquisitions during the auction.
3. Gujarat Titans (GT): The newly introduced Gujarat Titans have emerged as big spenders, utilizing 76.85 crore so far. They retain a purse of 23.15 crores, allowing them flexibility in the upcoming auction.
4. Kolkata Knight Riders (KKR): KKR have spent 67.3 crores, leaving them with 32.7 crores to shape their squad further in the auction.
5. Lucknow Super Giants (LSG): Lucknow Super Giants have been the most extravagant in their pre-auction dealings, spending 86.85 crores. With 13.15 crores left, they have limited funds for the remaining slots.
6. Mumbai Indians (MI): MI have utilized 84.75 crores, and they have 15.25 crores remaining to strengthen their title defence in the upcoming auction.
7. Punjab Kings (PBKS): PBKS have spent 70.9 crores, leaving them with a reasonable purse of 29.1 crores as they look to enhance their squad.
8. Royal Challengers Bangalore (RCB): RCB have been relatively conservative, spending 59.25 crores. They boast the highest remaining purse among all franchises, with 40.75 crores at their disposal for the auction.
9. Rajasthan Royals (RR): RR have been an active participant, spending 85.5 crores, and they have 14.5 crores remaining to fine-tune their squad.
10. Sunrisers Hyderabad (SRH): SRH have spent 66 crore, leaving them with the second-highest purse of 34 crores for strategic buys in the upcoming auction.
Which franchise has spent the most?
In the run-up to the IPL 2024 auction, it’s noteworthy that Lucknow Super Giants have been the most extravagant in their pre-auction spending, whereas Royal Challengers Bangalore retain the highest purse among all franchises.
The collective spending by all franchises stands at a whopping 737.05 crore, leaving a substantial 262.95 crore still in the kitty for last-minute manoeuvres in what promises to be a thrilling auction in Dubai. The distribution of funds among the franchises adds an extra layer of excitement, setting the stage for intense bidding wars as teams look to assemble the most potent squads for the upcoming season.
Also, see;
IPL 2024 auction: 5 players who can be most expensive
