The 12,000 Crore IPL Question: Is there any Method to the Money Madness?
Ahmedabad and Lucknow will be the two new franchises in the Indian Premier League (IPL), with the Board of Control for Cricket in India's (BCCI's) auction fetching a whopping Rs. 12,715 crore. Private equity firm CVC Capital Partners (Irelia Company Pte Ltd) won the bid for Ahmedabad at Rs 5,625 crore, while the Sanjiv Goenka-led RPSG Group clinched the Lucknow franchise at a price of Rs 7,090 crore. Senior journalist Sharda Ugra, and Newsclick Sports' Siddhanth Aney and Leslie Xavier take a look at the growth trajectory of the IPL over the years to assess whether the league warrants such money, and also whether all the talked about revenue, growth and growth potential translates to a larger benefit for the game -- in India and globally.
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