Rs 6,996,00,00,000: Star power drives IPL equity
Rs 6,996,00,00,000: Star power drives IPL equity
The BCCI has announced the wining bids for the Indian Premier League.

New Delhi: The Board of Control for Cricket in India (BCCI) has announced the winning bids for the Indian Premier League (IPL).

Bollywood actor Shah Rukh Khan’s Red Chillies Private Limited bagged the Kolkata team in the IPL, Vijay Mallya won the Bangalore team and Mukesh Ambani got the Mumbai team for BCCI's Twenty20 tournament.

Another Bollywood star Preity Zinta and Ness Wadia have got the Mohali/Chandigarh while Delhi has gone to the GMR group.

Hyderabad team has gone to Deccan Chronicle while Jaipur and Chennai have gone to Emerging Media and India Cement respectively.

Mallya bid $111.6 million for the Bangalore team.

"I was the under bidder for Mumbai at $111.6. I won Bangalore at that amount," Mallya said.

Speaking to CNN-IBN, Shah Rukh, whose movie Chak De India on Indian women hockey team was a runaway hit, said, "The idea is not how much money is involved, it's about owning a big city team and promoting sports. No question of brand building involved in it. I bid for four places, including Delhi. The idea was to own a big city team.”

“The idea is to provide a platform to the young sportstars to perform. We all want to nurture the talent in the team,” Shah Rukh said.

On being asked what will the name of his team, he said, “I may call the team Shah Rukh XI.”

“I adore Sourav Ganguly and I hope he will lead the team. I will have experts to work out the modalities in the next 30 days. We will try to create a team that has a good winning combination. I will get experts to explain to us how the best combination can be done. I will not be a selector for the team,” he said.

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“IPL has a good marriage with entertainment. The idea is to bring business and entertainment to the business of sports in order to promote sports. I have a huge passion for sports. We will try to do the same for football and hockey as well,” he added.

Earlier three groups - Future Group, ICICI Venture and Sahara Hospitality - were disqualified by the BCCI. The IPL bids base amount was set at $50 million.

The IPL Council, headed by BCCI Vice President Lalit Modi, met in Mumbai before the names of the successful bidders were announced to the media.

Indian stars Sachin Tendulkar, Rahul Dravid, Anil Kumble, VVS Laxman and Sourav Ganguly and retired Australian cricketers Shane Warne and Glenn McGrath are among the 79 players who have been roped in by the IPL to play in the Twenty20 tournament from April 18 at different centres in the country.

The players' bids are to be held next month and a top BCCI source said that even non-contracted (to BCCI) Indian players have been guaranteed a minimum of $15,000 by the IPL.

It's Raining Millions

Bangalore Team ---- Vijay Mallya ------------------ $111.6 million

Mumbai Team ------- Mukesh Ambani ------------ $111.9 million

Kolkata Team ------- Shah Rukh Khan ----------- $75.09 million

Delhi Team ---------- GMR ---------------------------- $ 84 million

Chennai Team ----- India Cement ----------------- $91 million

Mohali Team -------- Preity Zinta, Ness Wadia -- $76 million

Jaipur team --------- Emerging Media ------------- $67 million

Hyderabad team -- Deccan Chronicle ------------ $107.1 million

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