Cell telephone producer Intex Technologies and power utility CESC Ltd administrator Sanjiv Goenka’s ‘New Rising’ are the two new group proprietors for the following two years of the Indian Premier League (IPL). Oh yes, you heard that right!

The declaration was made after the offering procedure in New Delhi, where the IPL Governing Council meeting is in progress.

Both offers went into negative, which implies that the two new establishments won’t be taking any focal income, which is assessed at Rs.65-70 crore for every establishment, from the Board of Control for Cricket in India (BCCI), said IPL administrator Rajeev Shukla.

The BCCI stands to make Rs.170 crore through this bidding procedure.

“The reverse bids show the popularity of IPL. BCCI gives central revenue to all franchises which is expected to go up to Rs.75 crore. These new teams will take no money from BCCI and will put in additional money that they have bid for,” said Shukla. The reverse bidding were to figure out who will request least central income from BCCI.

While New Rising will put an extra Rs.16 crore every year for the Pune establishment, Intex will put an extra Rs.10 crore for the establishment representing Rajkot.

“I am personally a great sports enthusiast and a cricket lover. We have a great synergy with cricket. Nothing bigger than the IPL to connect with the youth, which is our target audience,” said Keshav Bansal, director, Intex. “Gujarat is a great cricket-loving state. It’s about passion and love for the sport.”

Niranjan Shah, the secretary of the Saurashtra Cricket Association (SCA) communicated his satisfaction about Rajkot’s progress as an IPL venue. He said, “I am very happy that Rajkot is an IPL centre. It’s a great honour. We have made a good stadium. We had three one-dayers and got a very good response.”

Rajkot was as of late named as one of India’s most up to date Test centers and is required to host its first Test match one year from now.

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