The Indian Premier League auction will be held in Riyadh, Saudi Arabia in the last week of this month, sources in the BCCI confirmed on Monday.
"The IPL auctions will be held in Riyadh and it has been notified to the franchises. The likely dates are November 24 and 25," a BCCI source said on conditions of anonymity.
This year's auction is a mega one with high profile India stars like Rishabh Pant, KL Rahul, Shreyas Iyer and Arshdeep Singh are going to go under the hammer.
The 10 franchises will collectively have around Rs 641.5 crore to spend for 204 slots that are available. Out of those 204 slots, 70 are earmarked for overseas players.
As of now, 46 players have been retained by the 10 franchises with cumulative expenditure of Rs 558.5 crore.
Last year's auction was mere one-day event marking this year as only second time the auction to be held overseas.
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