PM Modi makes BIG statement in Brazil, says, 'There is no place for...'
This British-era bridge has been named after India's Operation Sindoor, it is located in...
DNA TV Show: How will US President Donald Trump benefit by lifting ban on Syria's Al-Shara?
What is ERASR? Indigenous anti-submarine rocket system successfully tested by Navy, will benefit...
'Can we connect?’: Zomato's Deepinder Goyal turns customer support agent after...
Banks to close inactive Jan Dhan accounts? Finance Ministry said this
BIG update on fuel ban for end-of-life vehicles in Delhi-NCR, it will now come into force from...
Former UK PM Rishi Sunak takes up new role, joins THIS major company as...
Pakistani cricketers get BIG salary hikes despite disappointing performance
Centre responds after Elon Musk's X claims it ordered blocking Reuters' accounts
How much tariff US is likely to impose on India? Donald Tariff says...
Aamir Khan makes big statement about his relationship with Gauri Spratt: 'I am already married...'
Want to get UAE Golden Visa? Know why most Indians may still struggle despite paying Rs 23 Lakh
This IPL team becomes most valuable as IPL valuation hits USD 18.5 billion, not CSK, MI, SRH
Amazon launches Amazon Now in this city, know how it rivals Zepto, Blinkit, Swiggy, other details
Mukesh Ambani-controlled Jio BlackRock to shake up sector by...
Almost Famous to appear in Amazon Prime’s The Tribe, Season 2
From Code to Care: Tech Expert Sambasiva Rao Madamanchi Starts BioAgeSense
Delhi women to get FREE rides on DTC, cluster buses with Saheli Smart Card: Know how to apply
Udit Narayan weighs in on Hindi-Marathi conflict, says 'Maharashtra is my karma bhoomi so...'
BIG move by Gautam Adani as he acquires another firm for Rs 4000 crore, its business is...
Atmoon Ventures Earns AIGF Award for Business Enablers - The Pillars of a Secure Gaming Ecosystem
Meet Indian woman who lost Rs 9000000000 within minutes due to...; net worth falls to Rs...
OnePlus Nord 5, Nord CE 5 launched in India at starting prices of Rs….; sales begin from...
Nick Jonas calls Priyanka Chopra a 'saint', says she has never done anything wrong: 'Everyone is...'
Bharat Bandh on July 9: Will schools, colleges, banks remain closed tomorrow? Check details here
'Guru Dutt's legacy is a wound...': Mahesh Bhatt says superstar took 'aching mess' of human life
Indian family of four burns to death in car crash in US, they were from...
Gujarat Titans' star bowler joins Surrey for two matches in County Championship, his name is...
DNA TV Show: Why has UAE introduced new Golden Visa
FIR against RCB star pacer after Ghaziabad woman accused him of sexual harassment
Donald Trump sends letters to two countries, puts 25% tariffs, not China, Russia
Bad news for Elon Musk as Tesla shares decline by nearly 7% after...; net worth tanks to Rs...
Prithvi Shaw officially quits Mumbai after 8 years, joins this team ahead of 2025-26 domestic season
Will India push for BRICS sanctions against Pakistan? China and South Africa may thwart move by...
Why did Wiaan Mulder declare at 367 and not break Brian Lara's record? Check real reason
Pregnant woman ignored painless lump, later diagnosed with THIS rare cancer
Digvesh Rathi to get more salary than IPL 2025 in THIS T20 league, set to play for...
CRICKET
The chairman of the RPG Enterprises, Harsh Goenka revealed the bids which were made by all the business groups.
From eight teams to now 10 - the Indian Premier League (IPL) has got two new franchises added to the cash-rich tournament - Ahmedabad and Lucknow.
The 2022 season will see two of the new franchisees take part in the league after the cities were finalized after an intense bidding process that took place in Dubai on October 25, 2021. The bidders who won were RPSG Group and CVC Capitals.
While RPSG Groups previously had a team in the league and are back again, it is all-new for CVC Capitals. The former group, in the 2016 and 2017 editions, had bought Pune city's franchise.
Pune was added after there was a ban on Chennai Super Kings (CSK) and Rajasthan Royals (RR). Called Rising Pune Supergiant, they had even qualified for the final in 2017 but lost marginally against Mumbai Indians (MI). Now, the group will have access to the franchise based out of the city of Lucknow.
As for CVC Capitals, they bought the stakes for the city of Ahmedabad in Gujarat. The city is home to the largest cricket stadium in the world, the Narendra Modi stadium, which can hold up to 1,32,000 people.
Soon after the bidding war had come to an end, the chairman of the RPG Enterprises, Harsh Goenka revealed the bids which were made by all the business groups.
He uploaded a picture on his official Twitter handle of the final bids, which gave all an idea of what amounts all the businesses went ahead bid for. The RPSG ventures ltd. were in fact the highest bidders as they put forward an amount of INR 7090 crores for both Ahmedabad and Lucknow.
They had also bid for Indore with an amount of INR 4790 crores. Irelia Company Ptv Ltd, who bid under CVC Capital had put forward an amount of INR 5625 crores for Ahmedabad while also bidding INR 5166 for Lucknow.
The Adani group who were the frontrunners had put INR 5,1000 crores for both the cities, however, they fell short. The Glazers, owners of Premier League football club Manchester United, ended up falling short as well with their bids of slightly more than INR 4,000 crore.
SEE:
How the #IPL bids went! pic.twitter.com/nLjQb6djsB
— Harsh Goenka (@hvgoenka) October 25, 2021
As for the IPL 2022, there will be a mega auction for the new edition of the tournament and now the BCCI has said that only four players could be retained by every group, rest all players will be put out for auction.