Sun TV wins bid for new IPL team: Full BCCI statement
The Sun TV Network has won the Hyderabad IPL Franchise for an amount of Rs. 85.05 crores per year for 10 years. Its bid was substantially higher than the second bid of PVP Ventures, which was Rs. 69.03 crores. Here is the full statement by BCCI.
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The IPL Governing Council met earlier today in Mumbai to open the bids for a new IPL Franchise.
SUN TV Network have won the Hyderabad Franchise for an amount of Rs. 85.05 crore per year.
This Franchise fee represents a premium of over a 100 per cent above the amount paid by DCHL for the Hyderabad Franchise in 2008.
The SUN TV Network bid was substantially higher than the second bid of PVP Ventures, which was Rs. 69.03 crore.
Sanjay Jagdale
Hony. Secretary
BCCI
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