Home > News >

Sun TV buys Hyderabad IPL franchise for Rs 85.05 crores

Sun TV Buys Deccan Chargers IPL franchise for 85.05 crores!

The IPL Governing Council had earlier terminated the Hyderabad-based Deccan Chargers  © AFP

Mumbai: Oct 25, 2012

 

Sun TV Network on Thursday won the Hyderabad franchise of the Indian Premier League (IPL) for an amount of Rs 85.05 crores per year, putting an end to the process of finding a new team in the wake of the controversial termination of cash-strapped Deccan Chargers.

The IPL Governing Council met at Mumbai on Thursday to open the bids for the new IPL franchise and Sun TV was found to have the highest bid amount.
 

“SUN TV Network have won the Hyderabad Franchise for an amount of Rs 85.05 crores per year. This Franchise fee represents a premium of over a 100 % above the amount paid by DCHL for the Hyderabad Franchise in 2008,” BCCI Secretary Sanjay Jagdale said in a release.
 

“The SUN TV Network bid was substantially higher than the second bid of PVP Ventures, which was Rs 69.03 crores,” Jagdale said.
 

The BCCI had floated the tenders for a new IPL franchise after terminating Deccan Chargers’ contract on September 15 but the team owners DCHL had challenged it at the Bombay High Court.
 

The High Court had ruled in favour of the BCCI after Deccan Chargers Holdings Limited failed to furnish bank guarantee of Rs 100 crore before October 12 5pm deadline.
 

Later, an arbitrator had ordered for status quo but the High Court again ruled in favour of the Board.
 

DCHL then approached the Supreme Court which, however, declined on October 19 to interfere with the High Court decision which had set aside the status quo order passed by the arbitrator. (PTI)

India tour of England 2014

Sep 2, 2014 (15:00 IST)   at Birmingham

Zimbabwe Triangular Series, 2014

Sep 2, 2014 (13:00 IST)   at Harare

Zimbabwe Triangular Series, 2014

Sep 4, 2014 (13:00 IST)   at Harare

India tour of England 2014

Sep 5, 2014 (15:00 IST)   at Leeds

Bangladesh Tour of West Indies, 2014

Sep 5, 2014 (19:30 IST)   at Kingstown, St Vincent

More

Zimbabwe Triangular Series, 2014

Aug 31, 2014  at Harare

Zimbabwe won by 3 wkts

Pakistan tour of Sri Lanka, 2014

Aug 30, 2014  at Dambulla

SL won by 7 wkts (D/L method)

India tour of England 2014

Aug 30, 2014  at Nottingham

India won by 6 wkts

Zimbabwe Triangular Series, 2014

Aug 29, 2014  at Harare

South Africa won by 61 runs

Zimbabwe Triangular Series, 2014

Aug 27, 2014  at Harare

South Africa won by 7 wkts

Photos

Australia vs Zimbabwe, ODI tri-series at Harare

Videos

Misbah disppointed with Pakistan's performance

Australia’s losses to minnows in limited-overs cricket

India tour of England 2014: Who is Jason Roy?

Zimbabwe’s 12 most memorable victories in international cricket

Zimbabwe vs Australia, 4th ODI: Highlights

Elton Chigumbura-Prosper Utseya partnership takes Zimbabwe to historic win over Australia

Australia Australia and South Africa in Zimbabwe 2014 Australia vs Zimbabwe England England vs India England vs India 2014 India India tour of England 2014 India vs England India vs England 2014 Pakistan South Africa Zimbabwe Zimbabwe Triangular Series 2014 Zimbabwe vs Australia

Sourav Ganguly: England have mental block playing spinners

BCCI official: Tough for board to host Annual General Meeting this month

Javed Miandad, Abdul Qadir question mindset of Pakistan players

Aditya Verma: Happy with Supreme Court’s decision not to reinstate N Srinivasan as BCCI president

Misbah-ul-Haq shouldn’t lead Pakistan any more, feel former players

India vs England 4th ODI at Birmingham: India’s likely XI

Ishant Sharma: 10 facts you need to know about the towering Indian paceman

India vs England 4th ODI at Birmingham: England likely XI

Myth busting – Ranji, CB Fry, Sussex and the fertile mind of Neville Cardus

Duncan Fletcher’s heroics and Zimbabwe’s first win over Australia

Fan of the Day

Niharika Shah

Niharika Shah

668 Posts | 6 Fans

Yuvraj Singh's ton against MCC

Ishant Sharma: 10 facts you need to know about the towering Indian paceman

India vs England 4th ODI at Birmingham: India’s likely XI

Shah Rukh Khan to start shooting for Fan and Raees next year!

NGOs pursue education for all

9 blood cancer signs and symptoms you should know

International programme in Animal Husbandry

India, Japan to elevate strategic partnership

How to plan a home birth

Motorola Moto G successor will also be called Moto G, leaked photo from Flipkart warehouse suggests

Prime Minister Narendra Modi credits Japan with modernising India

Also on cricketcountry.com

Play Fantasy Cricket & Win

Cash Daily! Click here