Home > News >

Hyderabad-based PVP Ventures to bid for new IPL franchise

ICC World T20 2012: IPL millionaires to rub shoulders with struggling part-timers

Owners of Deccan Chargers had earlier rejected the Rs 900 crore offer made by PVP ventures © AFP

Hyderabad: Oct 23, 2012 

 

PVP Ventures, a city-based multi business house which has interest in realty, media and entertainment, said that it would throw its hat in the upcoming bidding for a new Indian Premier League franchise.

 

Prasad V Potluri, Chairman and Managing Director of PVP Ventures Ltd., said his company will have a disciplined approach as far as bidding amount is concerned.

 

“We are going to bid and we would like to have Hyderabad as base. I believe we have reasonable understanding of the franchise and its operations. It is synergic to our existing business. It is logical expansion of entertainment,” Potluri told PTI.

 

Owners of Deccan Chargers had earlier rejected the Rs 900 crore offer made by PVP ventures to buy the franchise.

 

Later on, the BCCI terminated the team from the IPL after the cash-strapped Deccan Chronicle Holdings Limited failed to furnish the guarantee money before deadline.

 

The bids have been invited in respect of 12 cities — Ahmedabad, Cuttack, Dharamsala, Indore, Hyderabad, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Visakhapatnam.

 

The tender notice by the BCCI said all bidding parties will need to fulfil the eligibility criteria and other requirements specified in the Invitation to Tender.

 

Bids must be submitted at 12 noon on October 25. The winning bids will be announced in the manner set out in the Invitation to Tender, the BCCI advertisement had said.

 

“Deccan Chargers as a brand is history now. This is going to be new name and new franchise which we will actively rebuilt. Our belief come from a simple fact the franchise will prosper based on local, not based on team success,” Potluri said.

 

PVP Ventures was formed via a takeover of SSI Ltd. in Chennai on February 27, 2007, resulting into a group with assets in excess of USD 300 million. (PTI)

West Indies tour of India, 2014

Oct 20, 2014 (14:30 IST)   at Kolkata

Pakistan vs Australia in UAE, 2014

Oct 22, 2014 (11:30 IST)   at Dubai

West Indies tour of India, 2014

Oct 22, 2014 (19:00 IST)   at Cuttack

Zimbabwe tour of Bangladesh, 2014

Oct 25, 2014 (09:30 IST)   at Dhaka

South Africa tour of New Zealand, 2014

Oct 27, 2014 (03:00 IST)   at Hamilton

More

South Africa tour of New Zealand, 2014

Oct 24, 2014  at Mount Maunganui

South Africa won by 72 runs

South Africa tour of New Zealand, 2014

Oct 21, 2014  at Mount Maunganui

South Africa won by 6 wkts

West Indies tour of India, 2014

Oct 17, 2014  at Dharamsala

India won by 59 runs

West Indies tour of India, 2014

Oct 14, 2014  at Visakhapatnam

Match cancelled

Pakistan vs Australia in UAE, 2014

Oct 12, 2014  at Abu Dhabi

Australia won by 1 run

Photos

Pakistan vs Australia, 1st Test at Dubai

Videos

AB de Villiers praises team after win in 1st ODI

Pakistan hold advantage at stumps on Day 3 of 1st Test against Australia

Asad Shafiq emerges as dependable No 6 for Pakistan

Pakistan vs Australia 2014: Mitchell Johnson shows signs of effectiveness on unhelpful surfaces

South Africa vs New Zealand 2014: Vital for Brendon McCullum to find form quickly

Australia Australia tour of UAE 2014 Australia vs Pakistan Australia vs Pakistan 2014 Duleep Trophy India New Zealand New Zealand vs South Africa New Zealand vs South Africa 2014 Pakistan Pakistan vs Australia Pakistan vs Australia 2014 South Africa South Africa tour of New Zealand 2014 South Africa vs New Zealand South Africa vs New Zealand 2014

Duleep Trophy 2014: Central Zone lead by 81 runs as North Zone bowled out for 457

Laxmi Ratan Shukla to lead Bengal ODI team

David Warner feels lucky to have equalled Don Bradman’s record

Kapil Dev’s Dev Musco Lighting accused of inflated costs by GCA

VVS Laxman advises budding batsmen to score big hundreds

Pakistan vs Australia 2014: Spin hunt continues for visitors

Sarfaraz Ahmed may have trumped the Akmals as Pakistan’s wicketkeeper-batsman across formats

Don Bradman — even if every chance he ever gave in his career was accepted, he would still remain head and shoulders above the others

Len Hutton’s hundred gets reported as illness

Viv Richards’ 6/41 bowls West Indies to a thrilling victory over India

Fan of the Day

Suraj Gowda

Suraj Gowda

642 Posts | 9 Fans

Virat Kohli's Family Meets Anushka Sharma

अभिनेत्री हुमा कुरैशी ओरिफ्लेम की ब्रांड एंबेसडर

Has Bigg Boss 8 made Karishma Tanna the most hated person?

Pranab Mukherjee returns home after visit to Norway, Finland

Revealed: First look of Amitabh Bachchan-Farhan Akhtar’s Do!

7 reasons why having sex during pregnancy is great for your health

Videocon Infinium Graphite with gesture control feature launched, priced at Rs 10,499

Rupee up 19 paise against dollar in early trade

Twitter introduces Audio Cards to listen to music directly from your timeline

Also on cricketcountry.com

Play Fantasy Cricket & Win

Cash Daily! Click here