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.

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