The winning bidders for the eight franchises were announced on 24 January 2008. While the total base price for auction was US $400 million, the auction fetched US $723.59 million.
On 21 March 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise was bought by Rendezvous Sports World Limited for $333.3 million. The process was to have been completed on March 7 but was postponed by two weeks after many bidders and the BCCI objected to stiff financial clauses. The second franchise auction fetched total $703 million.
Franchise | Owner(s) | Captain | Price (USD) | Price (Rupees) | |
Mumbai Indians | Mukesh Ambani (Owner of Reliance Industries) | Sachin Tendulkar | $ 112.9 m | Rs. 445 Cr | |
Royal Challengers Bangalore | Vijay Mallya (UB Group) | Anil Kumble | $ 111.6 m | Rs. 440 Cr | |
Deccan Chargers | Deccan Chronicle (Gayatri Reddy) | Adam Gilchrist | $ 107.0 m | Rs. 422 Cr | |
Chennai Super Kings | India Cements (N.Srinivasan) | Mahendra Singh Dhoni | $ 91.90 m | Rs. 359 Cr | |
Delhi Daredevils | GMR Group | Gautam Gambhir | $ 84.0 m | Rs. 331 Cr | |
Kings XI Punjab | Ness Wadia, Preity Zinta, Mohit Burman , Gaurav Burman (Dabur), Karan Paul (Apeejay Surendera Group), Aditya and Arvind Khanna | Kumar Sangakkara | $ 76.0 m | Rs. 300 Cr | |
Kolkata Knight Riders | Red Chillies Entertainment (Shahrukh Khan, Gauri Khan, Juhi Chawla and Jai Mehta) | Sourav Ganguly | $ 75.1 m | Rs. 296 Cr | |
Rajasthan Royals | Emerging Media (Lachlan Murdoch, A.R Jha and co.), Shilpa Shetty, Raj Kundra, Suresh and Kavita Chellaram | Shane Warne | $ 67.0 m | Rs. 264 Cr | |
Sahara Pune Warriors | Sahara | - | $ 370.0 m | Rs 1,702 Cr | |
Kochi IPL Team | Rendezvous Sports Limited | - | $ 333.0 m | Rs 1,572 Cr |
Winners
Season | Winners | Runners-up | Teams |
2008 | Rajasthan Royals | Chennai Super Kings | 8 |
2009 | Deccan Chargers | Bangalore Royal Challengers | 8 |
2010 | Chennai Super Kings | Mumbai Indians | 8 |
Player signings
Main articles: 2008 Indian Premier League#Player auctions, 2009 Indian Premier League#Pre-season trades and signings, and 2010 IPL Player Auction
The first players' auctions were held on 2008. The IPL placed icon status on a select few marquee Indian players. These players were Rahul Dravid, Sachin Tendulkar, Saurav Ganguly, Yuvraj Singh, and Virender Sehwag. VVS Laxman initially named an icon player, later voluntarily opted out of his icon status to give his team (Deccan Chargers) more money to bid for players. For the second season, auctions were also held, but free signings taking place in the off-season by franchises led to calls for a draft-like system where the lowest ranked teams would be given a first opportunity to sign players.
No comments:
Post a Comment