Kochi(Kerala) and Pune in IPL 4
If IPL3 is drawing maximum eye-balls and TRPS, IPL 4 is certainly getting bigger. Two new teams Kochi(Kerala) and Pune will be rocking IPL 4 as brand new entrants.
AN assorted group of businessmen from Kerala — backed by minister of state for external affairs and Twitterer Shashi Tharoor and Sahara Adventure Sports walked away with the bid.
A hitherto unknown consortium called Rendezvous Sports World Ltd surprised all, including IPL chairman Lalit Modi, by putting up the second highest bid for an IPL team. They bid Rs1,533 crore to bring Kochi on the cricketing map.
Indian cricket team sponsors Sahara, made the top bid of Rs1,702 crore and won Pune
The combined amount of the two bids was Rs3235.2 crore, at least 25% more than the combined bid for the eight teams purchased in the first round of team formation in 2008. Videocon (Rs1,471.5 crore) and Adani (Rs1,449 crore), favourites before the BCCI dint really score.Pune City Corporation gave the lowest bid of Rs1,200 crore and came fifth in the bidding process.
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Posted by Starwin on 21st March, 2010
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