Pune and Kochi joins IPL!

Yet another auction in the Indian Premier League. 5 groups were bidding for it. But, Sahara and Rendezvous World Sport paid an huge amount that Lalit Modi too didn’t expect of.

The Pune franchise were won by Sahara Adventure Sports – a part of the Sahara Group with a winning bid of USD 370 million as the highest bid. Sahara had bid similar amounts for three cities namely Ahmedabad, Nagpur and Pune and finally selected Pune as the host city for the new franchise.

The other franchise went to Rendezvous Sports World who won the Kochi franchise with a bid of USD 333 million.

WHAT LALIT MODI SAID?

We are absolutely delighted by the overwhelming response to our global Franchise Invitation to Tender process. As you can see the bidding for the two new official Franchises has been fair and transparent and is indicative of the revenue earning potential that the Indian Premier League represents.

I am also certain that the IPL fans in Kochi and Pune would be particularly excited with an IPL franchise for their respective cities. Given the high quality of franchises that we have selected, we are certain that both the new franchises will do everything in their power to ensure good competitive teams for next year.

All the bids received were of a very high standard and we would like to thank all of the organisations for their participation

ABHIJIT SARKAR OF SAHARA VENTURE SAID-

The IPL is undoubtedly the most ground breaking international sports development in living memory. There is no precedent for what has been achieved by Mr. Lalit Modi and the BCCI over the last three years and the Sahara group is immensely proud to have won the Invitation to Tender from Pune.

I can promise the people of Pune – a team they will be proud of in next year’s IPL 2011. I would like to thank Mr. Modi and the BCCI-IPL for running a very transparent process to allocate the Franchises. All of us within Sahara Adventure Sports just cannot wait for IPL 2011 to commence

RENDEZVOUS WORLD SPORT’S Member said:-

We have closely been following every development within the Indian Premier League right from the inaugural year. Today, I am very happy for our consortium of Rendezvous World Sport and the people Kochi as we finally have a team to call our own in this amazing city based sports franchise

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About Adithya Ramesh

Yo people. This is Adithya. A student who loves what he does. Has passion for Cricket and is a die hard SRT fan. Loves to photograph and is a travel freak

Posted on March 21, 2010, in IPL and tagged , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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