Thursday, January 24, 2008

IPL woos indian business tycoons and bollywood superstars


The IPL has found a sure-fire way to pull in the crowds and the moolah. Apart from the cricketers what will attract attention from all quarters? Will most definitely be the people who will be behind these teams? Keep a watch out for the big names bidding to own the IPL teams. The final announcement of which is expected on the 24th of January in Mumbai.
He was there to congratulate the team first hand moments after their Twenty20 World Championship win and now he is about to take a full-time plunge into the game via BCCI's brand new project: The Indian Premier League. King Khan has already paid the guarantee money of 5 million dollars bidding for a franchise.
CNN-IBN has learnt that 11 more bidders have already paid the minimum guarantee money for the eight teams that are up for grabs. Some of the big names include:
- Actor Preity Zinta
- Industrialist brothers Anil and Mukesh Ambani
- Vijay Mallaya
- DLF group
- GMR group wih Deccan chronicle
- India Cements
- Videocon
- Narula's
- Investors in Cricket and the Bankers consortium…
The base price has been set at 50 million US Dollars and it seems Mumbai will be the most favourite because of logistics Sachin Tendulkar. The top bid is expected to go as high as 130 million USD.
"What this tournament will basically do is bridge the gap between the very expensive, very elaborate canvas like the India international matches and the almost nothing like the domestic matches. So it is likely to bridge that gap," said Manish Porwal, COO, PTM.
IPL was created to counter Zee's Indian Cricket League and in that process the BCCI seems to have created a formula for, that come April for six weeks the fans will get to see their superstars in action in a format that they are of World Champions.

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