Quick Links



    Businessmen line up for 2 new IPL teams

    Two new teams would be up for grabs at an IPL auction next month.

    New Delhi: With two new teams set to be introduced into the IPL from 2011, top business houses and owners are lining up for the teams' auction when it takes place next month.

    The IPL had revealed that the two new teams will be up for bidding by the end of February or early March, which would take the number of teams in the IPL to 10.

    Business houses like the Hero Honda, Sahara and Poonawala have shown interest in owning an IPL team, the Hindustan Times reported on Thursday.

    It is learnt that the two new teams, based on city-based franchises, would be from Ahmedabad and Dharamshala in Himachal Pradesh.

    The report indicates that the Hero Honda group is eyeing the Dharamshala franchise while Anil Ambani of the Anil Dhirubhai Ambani Group - his brother Mukesh owns the Mumbai Indians - is keen on picking up the Ahmedabad franchise.

    While Mumbai Indians was the costliest franchise bought at the first team auction at $112 million, the base price for the two new teams has been set at $225 million.