Updated On: 06 November, 2019 08:21 AM IST | | PTI
While the franchises were allotted Rs 82 crore each for IPL 2019, Rs 85 crore per team has been earmarked for the 2020 season.

RCB skipper Virat Kohli
The players' auction for the next Indian Premier League (IPL) will be held on December 19 in Kolkata, the event's Governing Council decided in a meeting here on Tuesday.
The glitzy league is usually held in April-May every year and players' auction is being conducted in Kolkata for the first time. The city is the home ground of the Shah Rukh Khan co-owned Kolkata Knight Riders franchise.