Title: IPL bids expected to cross USD300 m mark
Desc:
Indian Premier League will be in news this month, Mr. Lalit Modi will be announcing the names of the 2 new franchise for the new season. "Every one is speculating many things. You will know the bidders tomorrow", said the chariman, Lalit Modi.
The base price for the two new franchise, which would take up the number of teams in the IPL to 10, has been fixed to USD 225 million.
However , unamed source say that IPL expects the bids "to be around USD 300 million".
The major names tipped to own new teams were a consortium led by consumer durables-to-oil and gas groups, Videocon is understood to be in the race for the franchise rights of the Pune team with bollywood star Abhishek Bachchan as a likely partner.
Gujarat-based industrialist Gautam Adani, CMD of Adani group, is unerstood to be in the race for the Ahmedabad franchise of IPL 2011.
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