New IPL teams: RPSG Group claims Lucknow for Rs 7,090-cr; CVC Capital gets Ahmedabad

News Network
October 25, 2021

New Delhi, Oct 25: Kolkata-based business tycoon Sanjiv Goenka's RPSG Group claimed the Lucknow franchise for a whopping Rs 7,090 crore while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5,600 crore offer as the eagerly-awaited two new IPL teams were unveiled in Dubai on Monday, PTI reported.

The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.

"Yes, RPSG had the highest bid of INR 7090 crore while CVC had the second highest bid at Rs 5600 crore. The BCCI stand to earn around $1.7 billion from the deal," a senior BCCI source present in Dubai told PTI on conditions of anonymity.

IPL will be a 10-team league from 2022. The two cities were favourites in terms of stadium capacity as Narendra Modi Stadium in Motera has more than 100,000 capacity while the Ekana Stadium in Lucknow has 70,000 capacity. The other cities in the hunt are Indore, Guwahati, Cuttack, Dharamsala and Pune.

"For BCCI and the cricket world, the addition of two new IPL teams -- Lucknow and Ahmedabad -- is a great value addition. It is a great achievement for us. UP got its first team & Ahmedabad also got a team, they've the best stadiums," said BCCI Vice-President Rajeev Shukla.

"We're extremely happy that Indian cricket is growing forward. That is what is important for us. We look at Indian cricket and that's what our job is. The more Indian cricket prosperous, the better it is," said BCCI President Sourav Ganguly on the addition of two new IPL teams

The mega auction for the 15th edition of the Indian Premier League, IPL 2022, will be held later this year in December.

22 companies had picked up tender document worth Rs 10 lakh but with base price for new teams pegged at Rs 2,000 crore, there were expected to be only five to six serious bidders in fray.

The BCCI had also allowed a consortium of up to three companies/individuals to bid for a franchise.

However, in case of an individual or company, that particular entity's annual turnover should be minimum Rs 3,000 crore and in case of consortium, each of the three entities should have an annual turnover of Rs 2,500 crore.

Goenka owned the Pune Franchise Rising Pune Supergiants (RPS) for two years and is also the owner of ISL franchise ATK Mohun Bagan.

There has been buzz that Lancer group, which is owned by Manchester United owner Avram Glazer, has also picked up the bid document. Gautam Adani and his Adani Group were also expected to bid for the Ahmedabad franchise.

The other notable companies which are in fray comprise Kotak group, pharmaceutical majors Aurobindo Pharma and Torrent group.

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News Network
March 18,2024

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Mangaluru, Mar 18: The rising temperature has become a growing concern for residents of coastal district of Dakshina Kannada, as the issue of drinking water shortage continues to worsen in several parts. 

Though the water supply of Mangaluru city has not been affected much, nearby urban local bodies, including Ullal, Kotekar, Bajpe and other parts on the outskirts of Mangaluru have been facing an acute shortage of drinking water.

Though the water level in the Thumbe vented dam across Nethravati River has started going down in the last few days, officials have ruled out possibility of rationing the water supply in the city.

According to officials, the water level at Thumbe dam of the Mangaluru City Corporation (MCC) stood at 5.8 m as against the maximum storage capacity of 6m height on March 16. The water level at the dam during the same period last year was 5.3 metres. The water level reduced from 5.9 m on March 15 to 5.8 m on March 16 due to the scorching heat, causing evaporation.

The MCC has been drawing 160 MLD of water from the Thumbe vented dam. According to officials, without inflow, the maximum water stored in the dam will be sufficient for only 50 days. Meanwhile, the MCC has already started pumping backwater from downstream of the Thumbe vented dam back to the dam using pumpsets. Water from Thumbe dam can be drawn only if it has more than 1.5m of water in it.

DC Mullai Muhilan MP said that the district administration is closely monitoring water levels in all the dams that supply water.

The AMR dam located upstream of Thumbe dam has 18 m of water from sea level. If the water level in the Thumbe vented dam recedes, then water from the AMR dam will be released into the Thumbe dam. There is water in a dam at Biliyoor, which is located upstream of the AMR dam, the DC said.

“Drawing water for irrigation purposes from Thumbe and AMR dams has been banned,” the deputy commissioner said, adding that an order in this regard has already been issued. Some of the pockets in rural areas too have started facing water crisis.

“We have made arrangements to supply water through tankers in Ullal, Kotekar and Bajpe areas. We will not introduce water supply rationing in MCC limits for the time being,” he said and appealed to citizens to use water judiciously.

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News Network
March 28,2024

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Mangaluru, Mar 28: A fish meal factory in the Baikampady Industrial area in Mangaluru was gutted in a fire incident on Thursday, officials said.

The factory is owned by the company 'Shihar Enterprises', they said.

According to the locals, the fire was first noticed at 4.45 am today, which was immediately reported to the fire department.

The fire engines reached the spot and tried to douse the fire, but it had already spread to other parts of the factory. After almost four hours of fire-fighting operation, the blaze was completely doused, officials.

The reason for the blaze is still being probed, the fire department officials said, adding that they suspect an electric short circuit could have triggered it.

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News Network
March 17,2024

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Beltangady, Mar 17: A three-year-old boy was crushed to death under the wheels of an auto-rickshaw in front of his house at Panakaje Mundadi in Belthangady taluk of Dakshina Kannada. 

The gut-wrenching tragedy took place on Saturday, March 16 morning when the boy ran out of home to the road. 

The victim has been identified as Kaushik, the son of Chandrashekhar and Usha couple. Their home is situated adjacent to the main road at Panakaje.

It is learnt that the auto-rickshaw failed to notice the boy who suddenly darted towards the road and hit him. 

Even though the injured boy was rushed to a private hospital in Ujire and later to Mangaluru, he breathed his last. 

The Beltangady traffic police have registered a case in connection with the incident.

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