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Goenka Group, CVC Capital win new IPL franchises; Ahmedabad, Lucknow to debut as new sides from 2022

The RP-Sanjiv Goenka group and a private equity firm CVC Capital have won the bidding war to win two new franchises of the Indian Premier League. There will be an addition of two new teams from the next edition of the tournament and those teams will be based out of Ahmedabad and Lucknow.

The Goenka Group bid Rs 7,090 crore for the Lucknow-based side while the CVC got the Ahmedabad-based franchise for a sum of Rs 5,625 crore.

Both these bidders outbid the other interested business houses such as the Adani group, Torrent Pharma and Aurobindo Pharma. The Adani group valued each franchise at around Rs 5,000 crore while the Pharma heavyweights did not come close to even the Rs 5,000-crore mark.

There were other heavyweights such as the Kotak group and the owner of the Manchester United football club but they got knocked out of the race by the eventual winners. 

Notably, the base price of each franchise up for the grab was mandated to be Rs 2,000 crore and the Board of Control for Cricket in India (BCCI) was expecting to attract bids around Rs 7,000 and hence they would be happy with the total valuation that the two sides have achieved, a number that stands at a staggering Rs 12,200 crore.


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Shaun Marsh's aggressive knock helps clinch comfortable win against South Australia

Western Australia rode on an emphatic batting display from Shaun Marsh to clinch a 6-wicket win against South Australia in a rain-curtailed match in Perth on Monday in the Domestic One-day cup. Chasing a target of 165 runs in 27 overs, the WA openers Josh Philippe and Sam Whiteman scored 30 runs for the first wicket before the latter departed for 7 off 23. Philippe followed his partner soon and was undone by Wes Agar for 26 off 28. Shaun Marsh who had come in at number three then stitched a stand of 32 runs for the third wicket with Cameron Green. Just as the two batters steadied the ship for the side, Western Australia lost a couple of wickets in quick succession to get reduced to 74/4 at the end of 16 overs. But it was D'Arcy Short and Marsh who took the onus on themselves and made sure that there were no further fall of wickets. While Marsh remained unbeaten at a 63-ball 80, Short struck 35* off 27 during the course to see the side home. Earlier, in the day, South Australia had a disappointing start to the proceedings after losing Alex Carey early in the innings before Weatherald and Head stitched a stand of 40 runs for the second wicket to provide the resistance. While Weatherald went on to notch up a half-century, head could only manage to score 28 off 19. The SA side were pushed on the backfoot after getting reduced to 138/6 but an unbeaten stand of 55 runs between McAndrew and Worrall helped the team put 193/6 in 35 overs on the board. For WA, it was Matthew Kelly who was the pick of the bowlers after he returned with figures of 2/37 in 7 overs.