Insearchindia.com's News Headlines
IPL sets floor price for new franchisees at $225 million
Insearchindia.com Team
(Updated at 17 December 2009 9:25 pm)
(17 December 2009 7:35 pm)
MUMBAI: The Indian Premier League (IPL) has set the base price
for the bidding of two new franchisees at $225 million.
The auction takes place on 19 January 2010. The IPL will have
two new franchisees from 2011.
IPL chairman and commissioner Lalit Modi said that from the
third season the IPL will use HD production. All venues will
have CCTVs and turnstiles. There will be permanent cabling
for TV production.
The final of IPL 3.0 will take place at the DY Patil Stadium
in Navi Mumbai. The two semi-finals will be played in Bangalore.
Once IPL 3.0 is over, existing franchisees will be allowed to
retain a few core members of their current teams, the modalities
for which are to be announced shortly.
Modi said a licensing deal has been done with a watch company,
but declined to give further details.
Modi has apparently buried the hatchet with his baiters in the
BCCI. Clarified BCCI president Shashank Manohar, “Lalit Modi has
done an excellent job and he will complete his full term till 2012."
Meanwhile, James Rego has joined the IPL as head of production.
He was earlier with Nimbus where he worked as vice president for TV.
