BCCI president Sourav Ganguly will step down from the board of ATK-Mohun Bagan after RPSG Ventures won the bid for the Lucknow franchise in the IPL for a record Rs 7,090 crore, group chairman Sanjiv Goenka said on Tuesday.

Goenka is the principal owner of ATK-Mohun Bagan, which plays in the Indian Super League. Goenka told CNBC-TV18 that Sourav has decided to resign from the board to avoid any possibility of conflict of interest between the two roles.

“Well, I think he is going to step down from Mohun Bagan completely... I think today,” Goenka said.

Perhaps realising he had spoken too soon, Goenka quickly added: “It is for Sourav to make the announcement. I mean, sorry. I think I pre-empted it.”

International investment firm Irelia Company Pte Ltd, an arm of CVC Capital Partners, bid for the Ahmedabad franchise for Rs 5,625 crore.

There was no announcement of Sourav’s resignation till late on Tuesday.

On Monday, Sourav welcomed the new IPL franchises, saying: “I would like to congratulate RPSG Ventures Ltd. & Irelia Company Pte Ltd for being the successful bidders... It is heartening to see the inclusion of two new teams at such a high valuation.”