New IPL franchises unveiled by CricketArchive Staff Reporter

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Event:

Indian Premier League 2009/10

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DateLine: 21st March 2010

 

The Indian Premier League unveiled two new teams as business conglomerate Sahara bagged Pune while Rendezvous Sports World Limited clinched Kochi.

 

IPL Commissioner Lalit Modi said Sahara Adventure Sports Group made an identical $370 million bid for three cities, Ahmedabad, Nagpur and Pune. "They made the highest bid for all three cities and were asked to choose one of the cities. Accordingly, Pune will be their home ground," Modi told reporters.

 

Apart from the two successful bidders, other groups which took part in the bidding were Adani Groups, VC Digital Solution (Videocon) and a Pune consortium.

 

The cities in the fray were Pune, Ahmedabad, Nagpur, Kanpur, Dharamsala, Vizag, Rajkot, Cuttack, Baroda, Kochi, Indore and Gwalior.