Saturday, January 8, 2011

Indian Premier League, - the IPL 4 auction

The game of cricket attracts millions whether it is the longer version or the new baby (less than 7 year old) T20.

Right now the country is abuzz with the Cricket news – not the game from  the midwicket but from a hotel room at Bengaluru – it is the IPL Auction for IPL 4 season. Lots of money at stake, roughly 414 crores ($900,000 X 10 @ 46).  There reportedly are 353 players to fall under the hammer in the two days (today and 9th of Jan 2011) – a two day game with 90 minute lunch break from 1pm with tea break and strategy break peppered in.

There are 10 franchisees in the fray – all with big support Team – big names such as Vijay Mallaiya, Mrs Nita Ambani, Preita Zeinta and more. The Nation and millions are watching the auction live on Sony with lots of excitement with expert comment from Navjot Sidhu and Ayaz Memom.
The Teams have the option to take in maximum of 30 players (10 foreign players).  They had the option of retaining 4 – Mumbai Indians and CSK did, whilst RR retained two, Delhi retained Sehwag and RCB surprisingly Virat Kohli.
The maximum amount at hand for each team is 9M roughly 41.40 crores and there are 353 to chose from consisting of 74 Aussies, 48 Indians and one from Nederland and Ireland.  There are some like Lara, Tammim Iqbal, Haddin seeking resurrection and some for the first timers of IPL like Siddle, Anderson.
The auction is being conducted by Richard Madeley whom introduced himself  as one with 32 years of experience and father and father in law in the same field. 
The big names  - 27 marquee players went under the hammer first.  They were picked going by their value and star status.   Chirayu Amin the Chairman of IPL picks the no. by random and there was the COO Sundararaman.  

The base price range from 20000 $, 50000, 100000, 200000 & $ 400000.  Once the initial purchases are over, the Teams would go for uncapped Indian players buying them relatively cheap.  The bidding increments will be $5,000 for bids up to $100,000; $10,000 for bids from $10 0,000 to $300,000; and at the auctioneer's discretion for larger bids.

The first by choice was Gautam Gambhir.  The action unfolded with Team Kochi bidding him at the base price @ $ 200000 – it was a race between Mumbai Indians and Kochi, suddenly Pune joined the bandwagon; the first sign came from RCB @ 1200000 – then the price war heated up – it was KKR & Kochi in the home bend and KKR clinching him at $ 2400,000 (11,04,00,000/- approx)
Then came Dilshan and then Zaheer and the interesting show is on.  In the first break, the following were the deals clinched.  : -
Gautam Gambhir sold to Kolkata Knight Riders for a record $2.4 million.
Tillakaratne Dilshan to Royal Challengers Bangalore for $650,000.
Zaheer Khan to Royal Challengers Bangalore for $900,000.
Yusuf Pathan to Kolkata Knight Riders for $2.1 million.
Yuvraj Singh to Pune for $1.8 million.
Mahela Jayawardene to Kings XI Punjab for $1.5 million.
AB de Villiers to Royal Challengers Bangalore for $1.1 million.
Ross Taylor to Royal Challengers Bangalore for $1 million.
Kevin Pietersen to Deccan Chargers for $650,000.

It is game of money………

Regards – S. Sampathkumar.

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