Star India wins IPL global media rights for Rs 16,347 cr

Among all the individual bids, the highest sum was Rs 15,819 cr

 

 

Star India placed the winning bid for the media rights to the Indian Premier League (IPL) for the next five years. The consolidated global bid for the IPL media rights placed by Murdoch's India subsidiary was Rs 16,347 crore, exceeding the sum of the individual bids, which was Rs 15,819 crore.

Star India was the only bidder to place a global bid. Sony Pictures Network India, the incumbent television rights holder, bid for the India TV rights for Rs 11,500 crore. This was the highest individual bid in any category.

The sum of all the rights bids in case of Star India was Rs 7,882.47 crore. However, this time, the BCCI had allowed companies to put in one composite bid for global TV and digital rights, which could be different from the sum of the individual bids the company has made.

IPL 2017 auction LIVE: English bowler Tyman Mills goes for Rs 12 cr to RCB

Tyman Mills was in demand as four teams bid for him

11: 00 am Tyman Mills was in demand as four teams bid for him, ultimately going to RCB for Rs 12 crore. A total of Rs 6.9 crore was spent in acquiring fast bowlers while wicketkeepers seemed out of favour as only one out of the batch of six found a buyer, that too at base price

KKR entered the bidding for the first time this season with Trent Boult. The Knightriders have just four overseas players in the squad currently and need more players from abroad. They were joined in the bid battle by Mumbai Indians IPL Auction who bowed out at KKR’s bid of Rs 5 crore. Boult played for the Hyderabad team in 2016 and this year, will don the KKR jersey.

English bowler Tyman Mills saw some aggressive bidding as well as Mumbai Indians and Kings XI Punjab held their ground against each other. Both the teams did not shy from upping the stakes till Mumbai bowed out at Punjab’s bid of Rs 7 crore. At this point, the bid war between KKR and RCB started. RCB came out winner with a bid of Rs 12 crore.

Australian Patrick Cummins was fought over by Sunrisers Hyderabad and Delhi Daredevil, the former opening the bid at the reserve price of Rs 2 crore. They however bowed out at Rs 4.5 crore, thus giving Delhi the winning bid and Cummins’ services for the 2017 edition. Fellow autralian Mitchell Johnson was up next (base price Rs 2 crore). Mumbai Indians opened the bid for the fast bowler and snapped him up at reserve price.

South African fast bowler Kyle Abbott (reserve price Rs 1.5 crore) went unsold. Indian fast bowler Ishant Sharma (Rs 2 crore base price) shared the same fate, as he surprisingly remained unsold in the first round of bidding.

After three unsold players in the wicketkeeper category, the Mumbai Indians picked up Nicholas Pooran of West Indies at base price (Rs 30 lakh). The two wicketkeeprs to follow – West Inidan Johnson Charles and Sri Lankan Dinesh Chandimal too remained unsold.

10:30 Ben Stokes goes to Pune for Rs 14.5 crAM England all-rounder Ben Stokes was the costliest buy after the first round of IPL players' auction today, going to Rising Pune Supergiants for a whopping Rs 14.50 crore (USD 2.16 million) after an intense bidding war. Pune Supergiants, who removed Mahendra Singh Dhoni from captaincy, entered late into the bidding at Rs 13 crore and clinched the deal at Rs 14.50 crore defeating bids from Mumbai Indians, Delhi Daredevils, Royal Challengers Bangalore and Sunrisers Hyderabad. Read More