Today will be a landmark day for the Indian Premier League as two new teams will be announced to join the existing eight in next year's edition of the tournament According to a source, an Ahmedabad-based firm is expected to win the rights to own a team thanks to a massive Rs 1,150 crore bid. The minimum bid price was fixed at Rs 1,042 crore. An official announcement is expected to be made by this afternoon. The second team is expected to be owned by a consortium comprising of a politician and individuals who have strong political links. Meanwhile, the Marylebone Cricket Club has pulled out of the race. "After a healthy debate and a thorough investigation, MCC's Committee has decided to uphold the recommendation of our working party not to proceed as an equity stakeholder in a new IPL franchise." Bradshaw said. "Having said that, we will continue to discuss other ideas with the IPL and, through their support of the MCC spirit of cricket campaign, maintain a close working relationship with them."

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Today will be a landmark day for the Indian Premier League as two new teams will be announced to join the existing eight in next year's edition of the tournament

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