IPL auction will be in Bengaluru on Feb 16

The players' auction for the eighth edition of the Indian Premier League (IPL) will be held in Bengaluru Feb 16.

Several leading cricketers from across the world will be up for grabs. The auction will begin at 9.30 a.m. and will be conducted by professional English auctioneer Richard Madley, who has conducted each of the previous IPL player auctions.

“The 2015 IPL Player Auction will mark the beginning of the countdown to the eighth season of one of the most popular sporting events on the planet. The auction promises to be eventful,” IPL governing council chairman Ranjib Biswal said in a statement Friday.

"The franchises have returned to the drawing board, reworked plans and devised new strategies, over the previous few months. They will have the opportunity to bid for some of the biggest names in the game."