Pune and Kochi are the two new franchises for the fourth edition of the Indian Premier League. Sahara Adventure Sports Group bought Pune for USD 370 miliion, Rendevous Sports World Limited took the other franchise for USD 333.3 million.
The two new teams were announced by IPL chairman Lalit Modi in Chennai on Sunday. Five bidders were in the fray for the two new sides. The IPL-IV will now feature 10 teams. After the first season in 2008, the league has already expanded its reach to other centres such as Cuttack, Ahmedabad, Nagpur and Dharamsala. Meanwhile, Videocon backed by Saif Ali Khan and Kareena Kapoor failed to bid for a new franchise.
Modi also said that the cash-rich Twenty20 tournament will not see any more expansion in the near future. Addressing the media after the bidding process he said, “The IPL to be limited to ten teams only in near future.”
Source : ESPN
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1 comments:
Hey...its really a great news,,,never expected that we will get a team in the near future
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