IPL New Teams – Sanjeev Goenka Lucknow Franchise: Sanjeev Goenka’s RPSG Group & former F1 promoter CVC Capitals have bagged the two new IPL franchises. RPSG has got Lucknow franchise & CVC Capitals surprised favorite Adani Group to bag Ahmedabad franchise. RPSG is paying whooping 7090 crore for the Lucknow franchise – InsideSport spoke Sanjeev Goenka, the promoter of RPSG Group, according to whom this the right price they are paying for the asset.
1. RPSG Ventures Ltd. – Lucknow (for INR 7090 crores)
2. Irelia Company Pte Ltd. (CVC Capital Partners) – Ahmedabad (for INR 5625 crores)
InsideSport – Your first reaction Mr. Goenka?
Sanjeev Goenka: ‘Extremely happy to make a comeback to IPL. It was quite a long wait. We have planned so much for this bid. I am thankful to everyone involved in the bid. It’s just amazing to be back’
InsideSport: 7,090 Cr isn’t this too much?
Sanjeev Goenka: ‘When 1st 8 teams were bought same things was said about those investments. Look where they are today. And most importantly we have done our maths correctly, we are happy with this”
InsideSport: Will you be at some disadvantage while making new squad?
Sanjeev Goenka: No we are confident BCCI will bring us at par with previous owners. We should not be with any kind of disadvantage. And mind you we have an experience of raising & making brand new team in a similar situation when we made Rising Pune Supergiants. That experience will keep us in good stead.
IPL New Teams – Sanjeev Goenka Lucknow Franchise: BCCI President, Mr Sourav Ganguly said: The BCCI is happy to welcome two new teams from the next season of the Indian Premier League. I would like to congratulate RPSG Ventures Ltd. & Irelia Company Pte Ltd for being the successful bidders.
“The IPL will now go to two new cities in India viz in Lucknow and Ahmedabad. It is heartening to see the inclusion of two new teams at such a high valuation, and it reiterates the cricketing and financial strength of our cricket ecosystem. True to IPL’s motto of ‘Where Talent Meets Opportunity’,
IPL NEW TEAMS: FINANCIAL BIDS for EACH BIDDER