Thursday, January 24, 2008

Rs 6,996,00,00,000: Star power drives IPL equity

Mumbai: The Board of Control for Cricket in India (BCCI) has announced the wining bids for the Indian Premier League (IPL).

Bollywood actor Shah Rukh Khan’s Red Chillies Private Limited bagged the Kolkata team in the IPL, Vijay Mallya won the Bangalore team and Mukesh Ambani got the Mumbai team for BCCI's Twenty20 tournament.

Another Bollywood star Preity Zinta and Ness Wadia have got the Mohali/Chandigarh while Delhi has gone to the GMR group.

Hyderabad team has gone to Deccan Chronicle while Jaipur and Chennai have gone to Emerging Media and India Cement respectively.

Mallya bid $111.6 million for the Bangalore team.

"I was the under bidder for Mumbai at $111.6. I won Bangalore at that amount," Mallya said.

Speaking to CNN-IBN, Shah Rukh, whose movie Chak De India on Indian women hockey team was a runaway hit, said, "The idea is not how much money is involved, it's about owning a big city team and promoting sports. No question of brand building involved in it. I bid for four places, including Delhi. The idea was to own a big city team.”

“The idea is to provide a platform to the young sportstars to perform. We all want to nurture the talent in the team,” Shah Rukh said.

On being asked what will the name of his team, he said, “I may call the team Shah Rukh XI.”

“I adore Sourav Ganguly and I hope he will lead the team. I will have experts to work out the modalities in the next 30 days. We will try to create a team that has a good winning combination. I will get experts to explain to us how the best combination can be done. I will not be a selector for the team,” he said.

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