shantanu_rooney
Chairman of Selectors
Pune, Kochi named new IPL teams
Chirayu Amin reveals the two new IPL teams
Chirayu Amin reveals the two new IPL teams
Sahara Group and Rendezvous Sports - a consortium of business houses - pipped three other corporate biggies to win the bids for two new Indian Premier League teams from the next season.
Sahara Adventure Sports Group was the highest bidder at $370 million and bagged Pune as the host city. Kerala-based consortium Rendezvous Sports bid $333 million to get Kochi as the other franchisee to make the IPL a 10-team affair from 2011.
"There were five qualified bids and the bidding was extremely competitive. I hope they make good business," IPL chairman and commissioner Chirayu Amin said, announcing the bid results. In the first IPL auction three years back, eight teams were sold for Rs.2,840 crore while this time the two new teams fetched an astronomical Rs.3,035.53 crore. "It only shows that there is no recession for the IPL," Amin said.
The other bidders in fray, Adani Enterprises, Mahindra Satyam and Videocon, lost out.
Amin said the Sahara Group had the option of choosing from Ahmedabad, Nagpur and Pune as their home. The corporate from Lucknow picked Pune as its host city. "Sahara bid for Ahmedabad, Nagpur and Pune and was asked to settle for one city. After a lot of thinking, they settled for Pune." Amin said.
The two new teams will join eight franchisees that have been part of the IPL for three years: Mumbai Indians, Delhi Daredevils, Kolkata Knight Riders, Royal Challengers Bangalore, Deccan Chargers, Chennai Super Kings, Rajasthan Royals and Kings XI Punjab.
With 10 teams, the next edition of the IPL will have a total of 74 games under the existing format, which now has 60 matches involving eight teams.
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