Friday, December 11th, 2015

Pune and Rajkot to replace CSK and RR for the next two seasons in IPL

Narada Desk | December 11, 2015 8:04 am Print

shashank-manohar_pti_mThe next edition of the Indian Premier League will witness the emergence of Pune and Rajkot, the two teams that have successfully replaced Chennai and Rajasthan.

Kolkata based business tycoon Sanjeev Goenka’s New Rising consortium won the bid for the Pune team, while Intex mobiles bagged the Rajkot team.

In a reverse bid, Sanjeev Goenka won the bid for 16 crore, while Intex Mobile bagged the bid for 10 crores. The base price was set at 40 cores and bidders had to quote an amount less than that. The party that bid the lowest would be the franchise owner.

“They won’t take a single penny from the BCCI. In fact they will pay the BCCI,” Board Secretary Anurag Thakur told reporters after a meeting of the IPL Governing Council which also finalized April 9 to May 29 as the dates for the next edition of the League.

The announcement of the new teams was made at a press conference in which BCCI president Shashank Manohar,IPL Chairman Rajeev Shukla, BCCI Secretary Thakur and representatives of the new team were present.

The bidding process was necessitated by the suspension of Chennai Super Kings and Rajastan Royals for the involvement of some of their officials and co-owners in the 2013 IPL spot fixing scandal.

The interim franchises will participate in a draft to retain their share of players on December 15. The two teams will have a minimum of 40 cores and a maximum of 66 cores to buy their players. Players from CSK and RR will be divided into two groups of capped and uncapped and the top names will be sold through the draft system.

Harsh Goenka of RPG properties, Axis Clinical, and Chettinad Cement, were the other three in the fray who quoted higher bids than New Rising and Intex Mobiles.