Taking cricket to whole new league

Nifty BSE | NSE 13/02/12 Are Mutual Funds betting on Nifty?

Now we know why Shahrukh Khan was spending so much time watching cricket because he wanted to buy. The film star and a whole host of who's who put their money into the BCCI's league cricket format, the IPL. Except for the Preity Zinta and Ness Wadia led combine, the other owners of the IPL teams were more or less expected. The only surprise, Reliance ADAG which was expected to win at least one of those 8 teams, didn't quite connect.

  

The Bentley's and the Rolls Royce's were there, so were the Film Stars and the Business Men and their chequebooks and at stay, the chance to take cricket to a whole new league, the Indian Premier League.

 

And a happy ending for some of the 12 bidders ranging from P.E. Firms to Banks, to Infrastructure Companies and all economy stalwarts, 8 got lucky.

 

Mukesh Ambani pocketed the Mumbai City team for a cool USD 112 million. Force India Owner, Vijay Mallya took the rights for his hometown Banglore team for USD 111 million. Hyderabad went to Deccan Chronicle, infrastructure company GMR bagged Delhi, SRK got Kolkata, Ness wadia, Preity Zinta, Mohit Burman and Karan Paul together got Mohali. India Cements with BCCI Board Member, M Srinivasan got Chennai and Emerging Media with