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Staggering Amounts For New IPL Teams Has Cricket Fraternity In Awe
The cricket world reacted with surprise and awe at the staggering amount bid for the two new teams in the India Premier League (IPL), acknowledging that the Indian league has cemented its place as the most successful T20 event in the world.
Even as the other IPL franchises welcomed teams from Ahmedabad and Lucknow to the IPL after RPSG Ventures Ltd. and Irelia Company Pte Ltd. (CVC Capital Partners) won the ownership rights for the two teams. The RPSG Ventures Ltd. were awarded Lucknow as their home base with a winning bid of a whopping IRs 7090 crore. CVC Capital Partners took Ahmedabad as its home base with a second-highest bid of Rs 5625 crore.
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