SportsCricketAdani approaches IPL team auction, Goenka loses crores of rupees

Adani approaches IPL team auction, Goenka loses crores of rupees


Highlight:

  • Goenka loses Rs 7,000 crore in auction
  • Sanjeev Goenke, the owner of the Pune team, is back on the field
  • Adani Group ranks third in auction with Rs 5,100 crore


New Delhi: Two new teams are coming to the IPL from next season. Once the auction for the teams is over, we move on to the next steps. The RPSG Group, led by Sanjeev Goenka, has acquired the Lucknow franchise and the CVC Capital Ahmedabad team, a private equity firm. Goenke spent Rs 7,090 crore while CVC Ahmedabad team owned Rs 5,625 crore.

Big companies were on the scene to acquire the teams. The base price of the teams was Rs 2,000 crore. But the BCCI estimated that the two teams would get at least Rs 10,000 crore. The auction eventually fetched over Rs 12,000 crore to the BCCI. Meanwhile, Harsh Goenke has released the bids of the companies that reached the final round.

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Sanjeev Goenke was the owner of the Pune team that played in the 2016 and 2017 seasons. This time the giants are on the scene for Tim and everyone has been smuggled in and promised over Rs 7,000 crore. If you look at the bids of others, it is clear that this is a setback. Out of the nine finalists, CVC is just behind with Rs 5,625 crore.

Adani Group came in third with Rs 5,100 crore. Amrit Leela Enterprises was auctioned at Rs 4,513 crore, Essential Corporation at Rs 4,140 crore, Corporal Global at Rs 4,204 crore, Championship Cricket at Rs 4,128 crore, Hindustan Media at Rs 4,275 crore and Torrent Sports at Rs 4,653 crore. The RPSG Group had earmarked Rs 4,790 crore for the indoor team.

The names of the teams will be released soon. New teams can find players at the mega auction in December. Currently, Mumbai Indians, Delhi Capitals, Chennai Super Kings, Royal Challengers Bangalore, Kolkata Knight Riders, Punjab Kings, Rajasthan Royals and Sunrisers Hyderabad are playing in the IPL.

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