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26 October, 2021 10:33:50 AM
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US fund and Indian tycoon bid more than $1.6 billion for new IPL teams

BSS/AFP, DUBAI
US fund and Indian tycoon bid more than $1.6 billion for new IPL teams

A US-owned capital venture fund and an Indian tycoon on Monday bid more than $1.6 billion dollars between them to set up two new teams in the Indian Premier League, the world's richest cricket tournament, officials said.

   Sanjiv Goenka, whose RPSG conglomerate includes power, music and plantation concerns, bid more than $930 million at an auction in Dubai to set up a team in the Indian city of Lucknow, the IPL said.

   CVC Capital partners promised more than $690 million to set up a team in Ahmedabad at the world's biggest cricket stadium.

HM

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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