CVC Capital Partners got approval after due diligence: BCCI official

The Board of Control for Cricket in India (BCCI) has given a total of Rs. . 12,715 crore, ethical and legal questions are being raised around the winning parties. RPSG, which placed the winning bid of Rs. 7,090 crore to acquire the Lucknow franchise, is seen as a struggle as BCCI president Sourav Ganguly is …

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Sourav Ganguly has football club link with new IPL franchise owner

BCCI President Sourav Ganguly Conflict of interest is facing new questions as the co-owner of a football team with Sanjiv Goenka, which RPSG Ventures Ltd. Successful bid of Rs 7,090 crore for Lucknow IPL franchises at the high-stakes auction in Dubai on Monday. According to the official website of Indian Super League (ISL) football club …

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Why the IPL Looks Like a Billion Dollars More

When Sanjeev Goenka’s RPSG paid Rs. 7,090 crore (about $947 million) – nearly a billion – to acquire the Lucknow franchise on Monday, it was not just about how far the IPL has come financially. The more interesting question was how far the world’s fastest growing sports league could go. Even more ₹5,625 crore (approximately …

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From F1 to football to cricket: Ahmedabad IPL team owners are leading sports investors

Formula One, Football, Rugby and now Cricket. Private equity firm CVC Capital Partners, a major player in the international game, was on Monday announced as the owner of the new Ahmedabad-based Indian Premier League (IPL) franchise with a winning bid of Rs 5,625 crore – an amount they paid. will do. BCCI in next 10 …

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Team valuation will be a multiplier of a few times in 10 years: Goenka

Kolkata billionaire Sanjeev Goenka, who bought the Lucknow franchise for Rs 7,090 crore during the IPL bidding in Dubai on Monday, said the team’s valuation will be “multiplier of a few times” over the next 10 years. BCCI saw a profit of around USD 2 billion with Kolkata-based RPSG Group and international equity investment firm …

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Team valuation will be a multiplier of a few times in 10 years: Goenka

The city’s billionaire Sanjeev Goenka, who bought the Lucknow franchise for a huge amount ₹7,090 crore during the IPL bidding in Dubai on Monday, said the team’s valuation would be “multiplier of a few times” over the next 10 years. BCCI saw a profit of around USD 2 billion with Kolkata-based RPSG Group and international …

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RPSG Group and CVC Capital make successful bids to acquire Lucknow and Ahmedabad IPL teams

Sanjeev Goenka-owned RPSG Group wins Lucknow franchise by placing higher bids ₹7,000 crore and private equity firm CVC Capital is the second franchisee ₹5,000 crore, the BCCI announced on Monday. The BCCI conducted the process of identifying two new IPL franchises in Dubai. This will add two more teams and expand the 2022 tournament to …

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IPL 2022 Team Auction: RPSG Group to Lucknow, Irelia to Ahmedabad

After a long wait we finally have the new IPL teams for the 2022 season. RP-Sanjeev Goenka Group got Lucknow IPL team for Rs 7090 crore and Irelia Company Pvt Ltd got Ahmedabad IPL for Rs 5166 crore. The bidding process for two new Indian Premier League (IPL) franchises began in Dubai on Monday, with …

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IPL 2022 team auction: Ten parties bid for two new franchises in Dubai

The bidding process for two new Indian Premier League (IPL) franchises began in Dubai on Monday, with ten parties submitting their bid to own a team in one of six cities – Ahmedabad, Lucknow, Cuttack, Dharamsala, Guwahati and Indore. Bid submitted. High-profile bidders include Premier League club Manchester United, Adani Group, Torrent Pharmaceuticals, Hindustan Media …

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Manchester United owners arrive in UAE as IPL prepares to unveil two new teams

D-Day is here as two new Indian Premier League (IPL) teams will be revealed on Monday afternoon, and the owners of Manchester United – the Glazer family – are in the UAE to ensure they find a team that is cash-rich. in the league. Speaking to ANI, sources in the know of developments confirmed the …

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