English OKTelugu

Latest English Breaking News for Andhra Pradesh & Telangana, Political News, Entertainment Movie News and Movie Reviews

  • Home
  • Politics
    • AP
    • Telangana
    • National
    • International
    • Societal
  • Editorial
    • Ram Column
  • Entertainment
    • Tollywood
    • Hollywood
    • Bollywood
  • Sports
  • Galleries
  • Trending
  • Polls
  • తెలుగు
You are here: Home / Sports / Lucknow and Ahmedabad are the two new franchises of the IPL

Lucknow and Ahmedabad are the two new franchises of the IPL

Published by Sri Ram On October 26, 2021

The BCCI has inducted two new teams to the Indian Premier League (IPL). Lucknow and Ahmedabad are the two new cities that will join the rest of the eight IPL teams from next season. While RP-Sanjiv Goenka Group bought the Lucknow franchise, private equity player CVC Capitals has acquired ownership of the Ahmedabad franchise.
IPL
The bidding witnessed an insane war between the companies. In the end, it was RPSG that had bid the highest amount in the history of the IPL to buy a new team. RPSG’s bidding amount of Rs. 7090 crore is the highest bid ever placed for an IPL team. CVC Capitals has placed the second-highest bid worth Rs. 5166 crore and became another proud owner of an IPL franchise.

There were many expectations on big companies like the Adani Group, The Glazer Family (owners of the Manchester United) and Aurobindo Pharma. But none of these companies’ bids crossed Rs. 5000 crore. The company which places the highest bid gets an option to choose their franchise city. RPSG chose Lucknow and then, the CVC Capitals chose Ahmedabad as their home franchises.

RPSG had earlier owned Rising Pune Super Giants, which was a part of the IPL in the 2016 and 2017 seasons when Chennai Super Kings and Rajasthan Royals were suspended.

A mega auction will take place for the 10 teams of the IPL in January of February next year. All these 10 teams will play a total of 74 league matches.

Entertainment

Shah Rukh Khan’s Mother Closely Worked With Indira Gandhi

Alia Bhatt’s Father’s Comments On Her Pregnancy

Inspirational Dialogues From Shah Rukh Khan Movies

Best Dialogues Of Bollywood Super Star Shah Rukh Khan

SRK Completes 30 Years In Film Industry: Unknown Facts About Shah Rukh Khan

R Madhavan Trolled For His Claims On ISRO

5 Best Movies Of SRK According To IMDb

Read More

Advertisement

Trending

Shakira, Gerard Pique To Split, Know The Reason?

Gold Worth More Than Rs. 50 Lakh Found In IndiGo flight Toilet

Twitter Reaction On Calvin Klein Going For Pregnant Man For New Campaign

Mother’s Day 2022: Best Mother’s Day Quotes, WhatsApp, Facebook Messages

Assam Women Police

Assam Women Police: Assam woman Cop arrests ‘Fiancé’ on fraud Charge!

Copyright © 2019-2021 · Ok Telugu


Follow us on


OKtelugu.com is an online media owned by Indus media partner LLC.
OKTelugu provides latest Telugu Live News, Political News, Movie News and Viral News for AP & Telangana Audience.
About Us | Disclaimer | Contact Us | Feedback & Grievance | Advertise With Us | Privacy Policy | Sitemap | News Sitemap