By - { 22/03/10 }

Sahara and Rendezvous are new IPL team owners – Pune & Kochi IPL teams – IPL 2011 team bids and winners

There were lots of drama over the past one month in buying the 2 new IPL teams for the next season. First there were lots of speculation on whos buying the new IPL teams and many of bollywood stars expressed their interest. The Lalit Modi thunder stuck everybody’s interest by placing base bidding price of these teams to $225 million. After seeing a poor bidding response, he relaxed the rules and made way for more competition.

Even then, IPL committee saw only few bidders for the IPL teams. They were

1. Sahara Group

2. Adani Group

3. Videocon Group (VC Digitial)

4. Rendezvous Sports World

5. Aman Vohra ( any idea ?? )

The much hyped bidding for the new IPL teams came to end today with Lalit Modi announcing the winners.

* Sahara Group snatched the Pune IPL team franchise for around Rs. 1,700 crore.

* Group of Kerala based Real Estate Builders formed a team (brought together by Shasi Tharoor) named Rendevouz Sports World and won the Kochi IPL team franchise for around Rs. 1500 crore.

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These franchise rights are for next 10 years and these new teams will be part of next IPL season. The combined prices at which new teams are bought are greater than the prices of 8 old teams together. The costliest team of the first season – Mumbai Indians – 441 crore is ~ 4 times cheaper now when compared to the Pune IPL team price.
Categories: games | Investment | money minting
  • http://www.moneymint.in/brands/kings-xi-punjab-ipl-franchise-changing-hands-british-pe-isis-equity-buying-in-ipl-team-valuations-dropping Kings XI Punjab IPL Franchise changing hands – British PE ISIS Equity buying in – IPL team valuations dropping! | MoneyMint.in – India Business Blog

    [...] two new IPL teams – Pune IPL team and the highly controversial Kochi IPL team were bid for $370 million and $333 million, how an [...]

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    Both teams are really strong but most of peoples don’t know about these teams because these are new teams.

  • Dipankar Ghosh

    Why don’t you abandon the IPL this season in solidarity with Anna Hazare – this would be the greatest service you would have done to the nation. Give good publicity incase you abandon the series. Get all teams to sign up for abandoning the series & ask your captains to give good coverage to same.

    Best Regards
    Dipankar Ghosh
    09820146064

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