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IPL 7 Auction: Yuvraj Singh bid fair, says auctioneer Richard Madley

Yuvraj Singh is now the most expensive IPL player at Rs 14 crore © PTI
Yuvraj Singh is now the most expensive IPL player © PTI

Bangalore: Feb 13, 2014 

Royal Challengers Bangalore (RCB) co-owner Vijay Mallya might have filed an official protest over the auction of Yuvraj Singh but Indian Premier League (IPL) auctioneer Richard Madley stood by his decision, describing the bid as fair and right decision.

“There are times when I am asked to make decisions which I will always give an opinion I think is fair and in the situation on Wednesday I made a decision which I will stand by,” he told reporters after final day of IPL auctions held.

“I think I made a right decision. It was a fair decision,” said Madley, who has been the auctioneer for all six previous auctions of the IPL.

Mallya on Wednesday had lodged an official complaint with the IPL Governing Council, saying his franchise coughed up INR 4 crore more on buying all-rounder, Yuvraj.

Mallya complained that proper procedure was not followed in Yuvraj’s case because the hammer went down at INR 10 crore and eventually, the left-handed batsman was sold for INR 14 crore to Bangalore.

English-born Madley, a professional auctioneer from England, said he has come across such situations hundreds of time and it is part and parcel of bidding as big as IPL, which is also followed by fans all over the world.

Madley, who is the President of Christie’s East, a division of arts auction house Christie’s, said he was honoured for being invited to conduct the auction.

 

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