Man Utd's Glazer owners outbid for the two new IPL teams by CVC Capital and RPSG

Manchester United's owners have suffered a fresh blow after they were outbid in their attempts to buy one of the two new franchises in cricket's Indian Premier League.

Sportsmail reported last week the Glazers were among up to 18 parties to have collected the tender document for the purchase of one of the franchises ahead of an auction this week, with the IPL set to expand from eight teams to 10 from next season.

But it has now emerged that Indian industrial conglomerate RPSG, led by businessman Sanjiv Goenka, and private equity firm CVC Capital have won the respective bids.

The Sanjiv Goenka-led RPSG group will own the team coming from the city of Lucknow following a bid worth approximately £690million (RS 7,000 crore), while CVC - who have previously invested in rugby union's Six Nations and Premiership - made a successful £516m (RS 5,200 crore) bid for the Ahmedabad franchise.

'It is good be back in the IPL and I am delighted. It is an initial step. We now have to build a good team and perform,' Goenka told ESPNcricinfo.

RPSG also owned the Rising Pune Supergiants, who played in the IPL in 2016 and 2017 when 2021 champions Chennai Super Kings and inaugural winners Rajasthan Royals were banned after being found guilty in an illegal betting and match-fixing probe.

But at the other end of the stick, United's American owners have undoubtedly wasted the chance to boost the Premier League club's profile in India.

The Glazer family do also own Super Bowl champions Tampa Bay Buccaneers as well as the Old Trafford club, but the news will no doubt come as a blow for them in the 24 hours following United's humiliation.

Ole Gunnar Solskjaer's team were hammered 5-0 by Liverpool at Old Trafford, with United conceding four of them in the first half.

Mohamed Salah then completed his hat-trick to round off the scoring early in the second half, before Paul Pogba was sent off for a two-footed challenge.

The pressure has therefore increased on the Norwegian, who is now the shortest odds he's ever been to leaving the club he joined nearly three years ago now.

Recent reports claim the United dressing room has lost faith in him but no immediate decision on his future from the hierarchy appears forthcoming.

But it was yet another big blow for Solskjaer, whose side now sit seventh in the Premier League table following their third defeat of the top-flight season.

Matches are not becoming any easier either for United, who face a trip to Tottenham at the weekend before the Manchester Derby to start November, a month in which they also face Chelsea and Arsenal.

Meanwhile, next year will not be the first time there are 10 teams in the IPL, with the tournament including the same number of sides a decade ago. The last time more than eight teams played in the IPL was in 2013, when nine teams took part.

Five IPL franchises have fallen by the wayside since its inception in 2008,  namely Deccan Chargers, Pune Warriors India, Kochi Tuskers Kerala, Rising Pune Supergiants and Gujarat Lions.