Pune and Kochi into IPL with Huge Biddings
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IPL is getting more and more interesting, not only for the viewers but also for the business men. Pune and Kochi got their entrance passes confirmed after a long wait. IPL COMMISSIONER Mr. Lalit Modi announced the winning teams yesterday after reviewing the bids submitted by 5 parties.
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The most interesting thing is the budget. When Mukhesh Ambani spend Rs 441 to attain Team Mumbai Indians in the starting edition of IPL everybody thought it was a gamble. Well, the gamble worked out for him and also for the rest of the teams in the IPL.
Sahara group placed a huge bid amount of Rs 1,702 crore to win Pune and Rendezvous Sports World got Kochi for Rs 1,533 crore. The two big shots invested Rs 3,235 in total, which is more than the investment of existing 8 franchise in total which is 2,853 crore.
These two teams would kick off from the next version of IPL and guess what these teams will be validated for 10 years.
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