CHENNAI: Pune and Kochi, the surprise packet, joined the Indian Premier League (IPL) after the auction for the new teams held here on Sunday. The IPL will feature 10 sides from 2011.
The Sahara Group won Pune with a $370 million bid for 10 years. Rendezvous Sports World, a consortium of five companies, won Kochi with a bid of $333.3 million. In fact, the worth of the two new teams is more than the eight other teams put together.
Sahara, Rendezvous Sports World, Adani Enterprises, VC Digital and Amman Vohra (a Pune-based consortium) had qualified for bidding.