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Goenka, CVC Capital's bids for IPL teams point to profitable opportunities

So, clearly, the two new players have a lot of options to be the winners

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Last week, Kolkata-based RP-Sanjiv Goenka group made an audacious winning bid for one of the two new franchises that will be added to the T20 tournament from 2022.

Surajeet Das Gupta New Delhi

6 min read Last Updated : Nov 01 2021 | 6:10 AM IST

If you thought buying an English Premier League (EPL) football team was far more expensive than investing in a cricket team in the Indian Premier League (IPL), think again.

Last week, Kolkata-based RP-Sanjiv Goenka group made an audacious winning bid for one of the two new franchises that will be added to the T20 tournament from 2022.

At Rs 7,090 crore or $946 million for the Lucknow franchise, Goenka paid more than double of what a consortium led by Saudi Arabia’s sovereign fund forked out a few weeks ago for Newcastle United, which currently sits second-last on the EPL points

Topics : English Premier League Indian Premier League Sanjiv Goenka

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