IPL has taken a ‘leap of faith'
The Times of India Delhi|October 27, 2021
In the run-up to the manic-Monday, that saw the BCCI pocket a cool Rs 12,715 crore from two bidders to buy the new Indian Premier League (IPL) franchises, speculations had bordered at half of the derived value.
K.ShriniwasRao@timesgroup.com

Mumbai:

On Monday evening, when the numbers got announced, and it came to the fore how no single bidder had put up a sum of less than 4,000 crore for any of their preferred cities, it was clear that India’s T20 dream machine had taken its next giant leap of faith.

It has to be a leap of faith for now, and not necessary a leap of assertion at least, because the next few years will determine if the two winning bids from the RP-Sanjiv Goenka Group – of Rs 7,090 cr for Lucknow; and CVC Capital – of Rs 5625 cr for Ahmedabad; can be justified for the amount that’s being spent.

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