Bollywood star Shahrukh Khan's Red Chillies Entertainment shelled out $75.09 million to buy out the Kolkata-based franchise for the inaugural edition of the IPL which begins with a Twenty20 tournament from April 18.Business tycoon Vijay Mallya, who's United Breweries Group also threw its hat in the ring after buying out Formula One team Spyker which became Force India, bought the Bangalore side for a reported sum of $111.6 million. Actress Preity Zinta along with business partner Ness Wadia bagged the Mohali team for $76 million.Reliance Industries Ltd Chairman Mukesh Ambani sealed the deal for Mumbai which sold for the highest amount of $112 million, while Delhi's ownership has gone to the GMR Group for $84 million.The bid for the Chennai-based side was won by India Cements and Jaipur was secured by Emerging Media, while media house Deccan Chronicle bought Hyderabad for $91 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment