Brand value of IPL franchises: Lucknow franchise sold for Rs 7090 crore, Jaipur franchise for Rs 502 crore, other teams know auction total

Sports Desk, Amar Ujala, New Delhi

Published by: Rajiv Roy
Monday, 25 October 2021 10:19 PM Updated to IST

Summary

IPL 2022 New Teams Auction: RPSG Group bought a franchise in Lucknow and CVC Capital Partners in Ahmedabad at an auction in Dubai. More than 10 parties have submitted bids for these two franchises, with RPSG bidding the highest at Rs. 7090 crore bid and CVC Rs. 5625 crores.

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The number of teams in the Indian Premier League has now increased from eight to 10. From the 15th season of the IPL, each franchise will take the field in Ahmedabad and Lucknow. Next year’s mega auction in 2022 will now feature 10 teams bidding for players from around the world.

At an auction in Dubai on Monday, RPSG Group acquired the franchise in Lucknow and CVC Capital Partners in Ahmedabad. More than 10 parties bid for the two franchises, with RPSG winning Rs 7,090 crore and CVC Rs 5,625 crore.

This time, the BCCI has set a base price of Rs 2,000 crore for the purchase of new teams. After that the Board of Control for Cricket in India expects to earn Rs 3500-4000 crore but on Monday it received more bids than expected. In view of the growing popularity of the IPL, this time around many celebrities from around the world, including the Manchester United owner, have also expressed their desire to buy the team. Now the names of the two new teams in such a situation and the bids they have made have been announced Let us know the brand value of the remaining IPL teams and their value at that time.

  • The Bangalore franchise was bought by Vijay Mallya-owned United Spirit Group for about Rs 837 crore. However, Mallya, who has now been declared a fugitive by the Indian government, is not the owner of the team.
  • India Cements bought the Chennai franchise for Rs 682 crore. Mahendra Singh Dhoni is the captain of the franchise, which also has a two-year league ban on the franchise.
  • The Delhi-based franchise was acquired by GMR Group in a bid of Rs 630 crore.
  • Deccan Chronicle has bid Rs 802 crore for Hyderabad and bought the team.
  • Emerging Media has bid Rs 502 crore for Jaipur.
  • Bollywood actor Shah Rukh Khan has bid Rs 563 crore for Red Chillies Entertainment Kolkata team.
  • Bollywood actress Preity Zinta, businessman Ness Wadia, Karan Paul and Dabur’s Mohit Burman have teamed up to win the Mohali Punjab franchise for Rs 570 crore.
  • Leading industrialist Mukesh Ambani has made a bid of Rs 839 crore for five-time champions Mumbai.
Franchise Owner Total (in rupees)
Bangalore United Spirit Group 837 crores
Chennai India Cements 682 crores
Delhi GMR Group 630 crores
Hyderabad Stumble Chronicle 802 crores
Jaipur Emerging media 502 crores
Kolkata Shahrukh Khan Red Chillies Entertainment 563 crores
Mohali Bollywood actress Preity Zinta, businessman Ness Wadia, Karan Paul and Mohit Burman from Dabur 570 crores
Mumbai Leading industrialist Mukesh Ambani 839 crores

Expansion

The number of teams in the Indian Premier League has now increased from eight to 10. From the 15th season of the IPL, each franchise will take the field from Ahmedabad and Lucknow. Next year’s mega auction in 2022 will now feature 10 teams bidding for players from around the world.

At an auction in Dubai on Monday, RPSG Group acquired the franchise in Lucknow and CVC Capital Partners in Ahmedabad. More than 10 parties bid for the two franchises, with RPSG winning the highest at Rs 7,090 crore and CVC at Rs 5,625 crore.

This time, the BCCI has set a base price of Rs 2,000 crore for the purchase of new teams. The Board of Control for Cricket in India (BCCI) had hoped to raise Rs 3,500-4,000 crore after that, but on Monday it received more bids than expected. In view of the growing popularity of the IPL, this time around many celebrities from around the world, including the Manchester United owner, have also expressed a desire to buy the team. Now the names of the two new teams in such a situation and the bids they made have been announced Let us know the brand value of the remaining IPL teams and their value at that time.

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