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BCCI mops up over Rs12,000cr from sale of two new IPL

News Desk || risingbd.com

Published: 23:03, 25 October 2021  
BCCI mops up over Rs12,000cr from sale of two new IPL

RP Sanjeev Goenka (RPSG) Group and Irelia Company Pte Ltd. (CVC Capital Partners) have won the two new Indian Premier League (IPL) teams, according to media reports.

RPSG Group has bagged the Lucknow franchise, while CVC Capital has won the Ahmedabad franchise. The BCCI has collected approximately Rs 12,715 crore from the sale of the two franchises.

As per report, RPSG has bid Rs 7090 crore to win the Lucknow franchise, while Irelia Company Pte Ltd bagged the Ahmedabad with a winning bid of Rs 5625 crore. Adani Group lost the Ahmedabad franchise narrowly with a bid of Rs 5100 crore, said a source.

The reports say that Torrent Pharma, Aurobindo Pharma, and Lancer Capital (Avram Glazer owner of Man United) bid less than Rs 5000 crore to end up on the losing side.

Earlier, media reports said that nine players Adani Group, Lancer Group (Manchester United), 369 Slingshot Sports Ventures, RPSG Group, Hindustan Times Media, Amrut Distilleries, Capri Global, All Cargo Logistics and Torrent Pharma had qualified for bidding for the two new teams.

Agencies

Dhaka/Nasim