NEW DELHI- Two new franchisees, based out of Rajkot and Pune, on Dec 8 won bids to be part of the next two editions of the Indian Premier League. They will replace the Chennai Super Kings and Rajasthan Royals (RR) that have been suspended for two years for spot-fixing and betting. The Pune franchise was bought by Kolkata-based businessman Sanjiv Goenka’s company New Rising. Intex Mobiles won the Rajkot franchise bid.
Goenka will pay Rs.16 crore per year for two years.Intex Mobiles will shell out Rs.10 crore for the period. The BCCI is set to gain more than Rs.360 crore, according to board president Shashank Manohar. “What we had calculated was that BCCI pays the franchises approximately Rs.70 crore first year out of the central revenue and next year it would be Rs.75 crore. So that makes it Rs.145 crore for one team. Now that Rs.145 crore is going to be safe because these two franchisees are not accepting that central revenue. Plus they are paying us Rs.25 crore. So Rs.50 crore (across two years) more. That is the simple calculation,” Manohar said. The base price was pegged at Rs.40 crore for the franchisees by the BCCI. The interim franchisees can opt to retain the cricketers of Chennai Super Kings and Rajasthan Royals through a draft system.(IANS)