RPSG and CVC Capital Emerge as Proud Owners of the New IPL Franchises

Story Highlights
  • RPSG, Sanjeev Goenka emerges as the highest bidder of Rs 7,000 crore.
  • CVC capital follow in trade worth Rs 5,200 crore bid.
  • The two new teams would be slotted to slay in the next season.

The much awaited IPL teams have been declared. RPSG emerged as the highest bidder of Rs 7,000 crore. CVC Capital have the second winning bid of Rs 5,200 crore. RPSG and CVC. Sanjeev Goenka says” feels good to be back in IPL. This is first step. Need to make a very good team. That’s most imp.”

The new IPL franchises would now be a part of the next season IPL. At exactly 12.30 PM IST, about 10 parties had turned up for the Indian Premier League (IPL) team auction at Taj Dubai. Manchester United’s owners were one of those who placed bids to own an IPL franchise at one of the six cities – Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore.

The Adani Group and the RPSG Group, owned by Sanjiv Goenka, were among others who had submitted bids. It was also noted that Rhiti Sports, promoted by MS Dhoni manager Arun Pandey, had also submitted a bid for Cuttack. As per sources, Rhiti was fronting for a big company, believed to be owned by local businessman Anand Podar. However, it is understood that he arrived a little late at the venue and his bid was eventually not accepted for late submission.

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