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The bidding system for the two new Indian Premier League (IPL) franchises  started on Monday in Dubai with ten gatherings presenting their offers to claim a team at one of the six urban communities — Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore.
Among the high-profile bidders to place their name in the cap, straightforwardly or through consortiums, are the proprietors of Premier League club Manchester United, the Adani Group, Torrent Pharmaceuticals, Hindustan Media Ventures Pvt Ltd, RP-Sanjiv Goenka Group, Capri Global and one Singapore based Irelia Company Pte Limited.
RP-Sanjiv Goenka Group put a bid of around 7090 crore. The RP-Sanjiv Goenka Group, commonly known as RPSG Group, is an Indian industrial and services conglomerate headquartered in Kolkata, West Bengal. They also owner Pune Super Giants in 2018.
CVC Capital has put a bid of Rs 5,200 crore. CVC Capital Partners is a private equity and investment advisory firm with approximately US$111 billion in secured commitments since inception across European and Asian private equity, credit and growth funds.
Private Equity player CVC Capital, that recently bought LA Liga, and owns Formula One and Rugby, have put in the 2nd highest bid of Rs.5,200 crore.
Adani Group lost out when they put in a bid of around Ra 5000 crore and Torrent, Manchester United, Aurobindo none of them came close to 5,000 crore.
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