Two new IPL teams: Sahara bags Pune, Rendezvous gets Kochi

Seven groups came for the bid. Sahara Group won the bid for Pune Group with a total cost of Rs:1702 cores. and Rendezvous Sports bid for 1533 Core rupees to get Kochi as the two new franchisees to make the Indian Premier League (IPL) a 10-team affair from the 2011 season. The two new teams will join eight franchisees that have been part of the IPL for three years: Mumbai Indians, Delhi Daredevils, Kolkata Knight Riders, Royal Challengers Bangalore, Deccan Chargers, Chennai Super Kings, Rajasthan Royals and Kings XI Punjab.

IPL Commissioner Lalit Modi said Sahara Adventure Sports Group made an identical USD 370 million bid for three cities Ahmedabad, Nagpur and Pune. “They made the highest bid for all three cities and were asked to chose one of those cities. So Pune will be the home ground of their team,” Modi told the reporters.

“In all, five groups qualified for the bid and I hope they make good business,” Modi said. He also made it clear that there were no plans to have a second IPL abroad. In the first IPL auction three years back, eight teams were sold for Rs.2,840 crore while this time the two new teams fetched an astronomical Rs.3,035.53 crore.

'It only shows there is no recession for the IPL and it is in the upswing,' Modi said. He also said that the franchisee fee for the two new teams was for 10 years. Two other bidders in fray, Adani Enterprises and Videocon, who were part of the cancelled bidding process March 7, lost out.

Kerala IPL team Name is Kerala Cobras [Rumor] - Click Here to read more.

Dreams of millions of malayalees around the globe have come true. Believe it. Kochi has an IPL team. Rendezvous Sports Ltd wins Kochi’s IPL team. The owner of the Kochi IPL team is Vivek Venugopal, a business man based in and out of Kerala. Shailendra Gaikwad of Rondevu group is also believed to be one of the main owner. Vivek Venugopal and Shailendra Gaikwad along with other 5 companies has formed a group called Kerala Consortium and has won the bid for 1533 Core rupees (approx. $333.33 million).

Companies in the Kerala Consortium are

- Anchor Earth

- Parani Development Pvt Ltd

- Anand Shah developers

- Film Waves

(Proper list to follow soon)

Central Minister of states, Sashi Tharoor is one of the person who is behind the Kerala IPL team and very much supported for the Kerala IPL team. Kerala IPL team will debut on 2011 IPL.

Modi also added up saying that, “I’m always misquoted by the media. This is Indian Premier League and there is no plan to have a second IPL abroad. “We also have no plans to expand further immediately. In fact I don’t foresee an expansion in many many years to come but then you never know,”. Apart from the two successful bidders, other groups which took part in the bidding included Adani Groups and VC Digital Solution (Videocon).

With 10 teams, the next edition of the IPL will have a total of 94 games under the existing format, which now has 60 matches involving eight teams.

(stay tuned for more updates)

Get connected with Kerala Cobras socially:  
(unofficial fans page)

     

Mean while do comment down the names that you would prefer for both the newly added IPL teams. And also do share this post to all IPL lovers..

(via: PTI)