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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 4,2024

HDKpuja.jpg

Bengaluru: JD(S) leader H D Kumaraswamy on Tuesday won the Mandya seat in Karnataka with a margin of 2,84,620 votes.

The former Chief Minister defeated Venkataramane Gowda (also known as Star Chandru) of the Congress.

According to the Election Commission, Kumaraswamy secured 8,51,881 votes, while Gowda got 5,67,261.

JD(S) fought the Lok Sabha polls in alliance with BJP in the State.

The 64-year-old son of former Prime Minister H D Deve Gowda has made no secret of his desire to become Agriculture Minister, if the Modi government comes back to power.

Kumaraswamy, who is also the state JD(S) President, is a five time MLA, and currently represents Channapatna Assembly seat.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 9,2024

modi3rd.jpg

New Delhi: Prime Minister Narendra Modi took oath today along with 72 ministers of the new coalition government. 30 of them are Cabinet Ministers, 5 independent charge, and 36 Ministers of State. The portfolios will be announced later.

PM Modi, 73, will head a coalition government in his third term, or Modi 3.0, for the first time since he became Prime Minister in 2014 following a huge "Brand Modi" victory after 10 years of the United Progressive Alliance (UPA) rule.

In keeping with 'coalition dharma', the new Council of Ministers will be 72-strong and comprise 11 ministers belonging to NDA partners. The Council of Ministers will have a broad representation of social groups, including 27 Other Backward Classes (OBC), 10 Scheduled Castes (SC), 5 Scheduled Tribes (ST), and 5 minorities. A record 18 senior Ministers will be heading major ministries.

The oath ceremony is being held at the lawns of the Rashtrapati Bhavan, with the weather office forecasting a maximum temperature of 42 degree Celsius in the national capital.

President Droupadi Murmu administered the oath to PM Modi. Rajnath Singh and Amit Shah took oath after PM Modi. Nitin Gadkari was the fourth leader to be administered the oath of office. JP Nadda, Shivraj Singh Chouhan, and Nirmala Sitharaman followed.

Leaders from India's neighbourhood and the Indian Ocean Region including Sri Lankan President Ranil Wickremesinghe, the Maldives President Mohamed Muizzu, and Bangladesh Prime Minister Sheikh Hasina attended the event.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 8,2024

rahulleader.jpg

New Delhi: The Congress Working Committee passed the resolution that party MP Rahul Gandhi should be appointed as the Leader of the Opposition in Lok Sabha, sources said today.

Rahul Gandhi won the Lok Sabha elections from Raebareli in Uttar Pradesh and Wayanad in Kerala.

"All members have given their proposal to the party president. Rahul ji has requested some time to think. However, we want him to stand as strong Leader of Opposition," said All India Mahila Congress president Alka Lamba.

After the CWC meeting, Congress MP Kumari Selja said, "It was the CWC's wish that Rahul Gandhi be elected the LoP..."

Senior Congress leader and newly elected MP from Alappuzha KC Venugopal said "CWC unanimously requested Rahul Gandhi ji to take the responsibility of the leader of the opposition in the Lok Sabha."

The CWC resolution praised Rahul Gandhi for his efforts in the election campaign.

"Former Congress President Rahul Gandhi has to be singled out largely because of the Bharat Jodo Yatra and the Bharat Jodo Nyay Yatra that he designed and led. Both these Yatras that reflected his thinking and personality were historic turning points in our nation's politics and instilled hope and confidence in lakhs of our workers and crores of our voters. Rahul Gandhi's election campaign was single-minded, sharp and pointed and more than any other individual it was he who made the protection of our republic's Constitution the central issue in the 2024 elections. The PaanchNyay-Pachees Guarantee programme which resonated so very powerfully in the election campaign was the outcome of Rahulji's yatras in which he listened to the fears, concerns and aspirations of all people, especially youth, women, farmers, workers, Dalits, Adivasis, OBCs and minorities," it said.

The meeting of the extended Congress Working Committee was held in the national capital on Saturday. The meeting was attended by Congress Parliamentary Party chairperson Sonia Gandhi, Congress chief Mallikarjun Kharge, Congress leaders Rahul Gandhi, Priyanka Gandhi, Manish Tiwari, DK Shivakumar, and Revanth Reddy among others.

Speaking after the CWC meeting, Congress Rajya Sabha MP Pramod Tiwari said, "Definitely he (Rahul Gandhi) should become (LoP in Lok Sabha). This was the request of our working committee. He is fearless and courageous."

Earlier in the day, several party leaders voiced their demand that Rahul Gandhi should take over the key role.

Speaking on the same, Telangana Chief Minister Revanth Reddy said that this is the demand of 140 crore Indians.

"Our demand is the same as that of 140 crore Indians. Rahul Gandhi has to take the position as the leader of the Opposition. Rahul Gandhi has been fighting for women and the unemployed," he said.

Congress MP Sukhjinder Singh Randhawa who won the Lok Sabha election from Gurdaspur said that Rahul Gandhi is someone who can reply to the Prime Minister in the Parliament and hence he should assume the position of LoP.

"We will play the role of a strong Opposition in the Parliament. Yes, we want the country to get such a face who can reply to the Prime Minister. I think the entire country wants this," he said.

After the Lok Sabha Polls, the Congress has emerged as the second-largest party in the election and improved its tally to 100, from 52 in the 2019 Lok Sabha poll.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.