London, Mar 6(ANI): The Marylebone Cricket Club (MCC) has decided against bidding for an Indian Premier League (IPL) franchise to be sold at a minimum base price of 225 million dollars.
The owners of future franchises are expected to be unveiled on Sunday, less than a week before the start of the third IPL season.
Earlier, certain media reports had claimed that the MCC were in negotiations to join a consortium bidding to buy one of two IPL franchises.
However, a MCC statement said: "MCC has confirmed that it was not part of the bids that were lodged in Mumbai for the two new Indian Premier League franchises. The MCC committee had met earlier this week at Lord's to discuss its potential involvement with an IPL franchise."
"The MCC committee has further decided that its best position lies in a broader relationship with the IPL as a whole," The Mirror quoted the statement, as saying.
MCC president John Barclay and head of cricket John Stephenson will travel to India next week to attend the IPL opening ceremony in Mumbai. (ANI)