1]Mukesh Ambani's Reliance for Mumbai - $111.9 million
2]Deccan Chronicle for Hyderabad - $107.01 million
3]Vijay Mallya's UB Group for Bangalore - $106 million
4]India Cements for Chennai - $91 million
5]GMR Holdings for Delhi - $84 million
6]Consortium led by Preity Zinta for Mohali - $76 million
7]Shah Rukh Khan's Red Chillies (with Juhi Chawla and Jay Mehta) for Kolkata - $75.09 million
8]Emerging Media, a consortium including Manoj Badale of England, Lachlan Murdoch and some other investors for Jaipur - $67 million
2]Deccan Chronicle for Hyderabad - $107.01 million
3]Vijay Mallya's UB Group for Bangalore - $106 million
4]India Cements for Chennai - $91 million
5]GMR Holdings for Delhi - $84 million
6]Consortium led by Preity Zinta for Mohali - $76 million
7]Shah Rukh Khan's Red Chillies (with Juhi Chawla and Jay Mehta) for Kolkata - $75.09 million
8]Emerging Media, a consortium including Manoj Badale of England, Lachlan Murdoch and some other investors for Jaipur - $67 million
The Indian Premier League[IPL],stage for 20-20 tournament was created BCCI in 2007 and has been approved by ICC.Basically it has formed eight teams based on the eight cities.Any one can own a team by bidding at the auction.The base price was set as UDS $50m per team for a period of 10 years.The winners of the bid will own these eight teams in the fray. They can run them in their own styles, bring their own sponsors and even name the team according to their choice (in consultation with the IPL forum). In the inaugural year, they will have to buy the players in an auction; subsequently, they will be free to trade the players as is done in various leagues around the world. They will also get a share in the profits, starting from television revenue, gate money and merchandising. They will even be free to list their teams on the stock exchange.
Source:Hindustan Times and TOI
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