Mukesh Ambani, Vijay Mallya,
Shahrukh Khan and Preity Zinta among
IPL team bid winners
Bounty for BCCI from IPL team
ownership sale to stars, billionnaires.
Mukesh Ambani, Vijay Mallya, Shahrukh
Khan, Preity Zinta among owners of IPL
teams as BCCK rakes in $736 million.
Eight teams of the
Twenty20 format
Indian Premier League promoted by the
Board of Control for Cricket in India
raked in $723.6 million or a shade
above Rs 2,800 crore, with the
ownership rights going to top business
houses including Reliance Industries
and conglomerates promoted by
Bollywood stars including Shah Rukh
Khan, Preity Zinta and Juhi Chawla.
The IPL's inaugural session would
begin on April 18, this year. The
league would have 59 matches in 44
days of cricketing action.
India's largest private sector
company, the Mukesh Ambani controlled
Reliance Industries won the ownership
of the Mumbai IPL team with a highest
bid of $111.9 million. The Second
highest bidder liquor baron Vijay
Mallya's UB Group won the ownership
rights for Bangalore IPL team for
$111.6 million. Interestingly, Mallya
had also bid for the Mumbai IPL team,
but lost out to a higher bid from
Reliance Industries.
Mallya's other sports interests
include Formula One team Force India,
formed by renaming Spyker after he
bought it.
The winners will own the IPL teams for
10 years. The bidding base price was
set at $50 million, with eleven
bidders participating.
Bollywood actor Shah Rukh Khan is part
of the consortium that included
industrialist Jay Mehta and his
actress wife Juhi Chawla which won the
ownership of the Kolkata team for
$75.09 million. GMR Holdings won the
Delhi IPL team for $84 million.
Mohali went to another consortium
formed by Bollywood actress Prity
Zinta, Bombay Dyeing's Ness Wadia ,
Apeejay Surrendra's Karan Paul and
Mohit Burman of Dabur India. Their bid
was $76 million.
Media conglomerate Deccan Chronicle
won ownership of its home Indian
Premier League team Hyderbad bidding
$107 million, the third highest bid
after Reliance and UB Group.
Chennai-based India cements won their
home team's ownership for $91 million,
while Emerging Media, the firm which
launched talent hunt Cricket Star on
state-run Doordarshan in 2007, has won
the Jaipur IPL team ownership rights
along with Lachlan Murdoch for $67
million.
The Indian Premier League, formed as a
rival to the Subhash Chandra Promoted
Indian Cricket League launched last
year, has so far raked in $1.749
billion by selling ownerhip and
telecast rights.
The BCCI had sold television rights
for $918 million to Sony-World Sports
Group and got another $100 million for
promotional activities. Last year, the
International Cricket Council's
tournament hosting rights for eight
years was sold at an almost similar
amount of $1.1 billion to ESS.
But that includes two ODI world cups ,
two Twenty20 World Cups and fours Unde
19 World Cups.
The IPL league matches will be played
late in the afternoon, in a bid to
grab the television audience. Set Max
will telecast the matches live.
Now the scene shifts to player auction
of 80 international cricketers,
including Shane Warne and McGrath.
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