IPL Teams: Sanjiv Goenka wins new franchise for over Rs 7000 cr, CVC capital second at Rs 5600 Cr
Dubai, Oct 25: Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer as the eagerly-awaited two new IPL teams were unveiled here on Monday.
The BCCI was expecting a windfall in the range of Rs 10,000 crore but to their surprise, earned Rs 12,690 crore from the two new teams that will take part in the 2022 IPL.
PTI had reported on Sunday that Goenka is one of the favourites to win a team after having been in the IPL for two years in 2016 and 2017 when he owned the Rising Pune Supergiants.
"Yes, RPSG had the highest bid of INR 7090 crore while CVC had the second highest bid at Rs 5600 crore. The BCCI stand to earn around USD 1.70 billion from the deal," a senior BCCI source present in Dubai told PTI on conditions of anonymity.
One of the major companies that lost out was Gautam Adani's Adani Group which bid around Rs 5000 crore while bids of Glazers from Manchester United and Torrent Group also fell short of the mark.
Twenty two companies have picked up tender document worth Rs 10 lakh but with base price for new teams pegged at Rs 2000 crore, only five to six serious bidders were in fray.
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CID investigation accelerated in Neha Hiremath Murder, CM Siddaramaiah ensures strict punishment
Bidar: Chief Minister Siddaramaiah has expressed strong condemnation for the tragic murder of Neha Hiremath from Hubli and has assured speedy action against the accused through an expedited CID investigation.
Speaking to the media in Bidar today, the Chief Minister addressed the BJP's call for a CBI investigation, stating, "Did the BJP refer any cases to the CBI during their tenure? I have done so while in power. What moral authority do they have to demand it now? This should not be politicized." He further said that the accused has been already apprehended and that the CID is actively conducting investigations, with a charge sheet to be prepared soon.
Stern approach to justice, no political exploitation
CM Siddaramaiah urged other parties not to politicise Neha's murder, stressing the government's unwavering commitment to ensuring severe punishment for the guilty parties. "Neha's murder was an injustice, and we unequivocally condemn it. It should not be exploited for political gains," he asserted.
Modi's unfulfilled promises
Responding to criticism from Prime Minister Modi regarding the Congress manifesto's wealth redistribution plans, Siddaramaiah questioned Modi's track record of fulfilling promises, such as the infamous pledge of depositing 15 lakh rupees into each citizen's account and creating 2 crore jobs. He challenged whether Modi has effectively addressed the issue of rising essential commodity prices.
Continuation of muslim community reservation
Addressing Modi's remarks on Congress's proposed redistribution of reservation quotas to include the Muslim community, Siddaramaiah clarified that the 4% reservation for Muslims has been in place since 1994, based on the Chinnappa Reddy Commission's recommendation. He highlighted that despite challenges in the past, this reservation continues to be upheld, reaffirming the government's commitment to social justice.
