The 5th and last team is from Lucknow, for which Capri Global Holdings Private Limited spent Rs 757 crore. Earlier this month, the BCCI sold the media rights to Viacom18 for Rs 951 crore. As per this deal, BCCI is to get Rs 7.09 crore per match for five years. Please tell that there were reports about the Chennai Super Kings and Punjab Kings team that they also wanted to buy the franchise.
In this regard, BCCI Secretary Jay Shah said, ‘Today is a historic day in cricket, as the bid for the inaugural teams broke the opening record of the men’s IPL in 2008. Congratulations to the winners as we raised Rs 4669.99 crore in total bidding. It is noteworthy that since last season there have been 10 teams in the Indian Premier League. Along with this, the scope of IPL has also increased.