The Indian Premier League has been an exciting tournament for the cricket fans which brings together the top cricketers from different nations to play along with each other. It has been a great platform for the young cricketers to display their talent and catch the attention of public and selectors.
With the breakthrough performances in the tournament, players like Ruturaj Gaikwad, Devdutt Padikkal, and Chetan Sakariya made their India Debut this year in the T20I format. But the acquisition of these players requires the franchise, who pays the fees to buy and IPL team and then build a squad.
Here is a list of the Cost of the all the 10 teams Franchise in the Indian Premier League.
|Chennai Super Kings||683|
|Royal Challengers Bangalore||837|
|Kolkata Knight Riders||563|
In 2008, the Mumbai Indians was sold to Mukesh Ambani for the highest bidding price of 839 Crores. While, Vijay Mallya bought the Royal Challengers Bangalore franchise for Rs. 837 Crores. While the Chennai Super Kings franchise was sold to India Cements for 683 Crores. The lowest bid amount was 503 Crores for Rajasthan Royals took over by businessman Raj Kundra. In 2021, Lucknow and Ahmedabad franchises have been sold at a whooping prices of 7090 and 5600 Crores respectively.
The bidding and verification process has been completed for adding the two new IPL teams from 2022 edition. The Lucknow and Ahmedabad franchises have been chosen by the owners due to the world class facilities in the respective stadiums. It was already said that BCCI wants to target the Hindi audience with these teams, and Ekana Stadium in Lucknow and Narendra Modi Stadium fulfils their purpose.
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The RP Sanjiv Goenka Group won the bid for the Lucknow franchise for a price of Rs. 7090 Crores, while the CVC Capitals will be the owner of Ahmedabad franchise by shelling out Rs. 5600 Crores.
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