Mumbai: Sun TV Network won the Hyderabad franchise of the Indian Premier League for Rs. 85.05 crore per year. In a meeting in Mumbai, IPL Governing Council met to open the bids for the new IPL franchise and Sun TV bid the highest amount.
BCCI secretary Sanjay Jagdale in a release said, “Sun TV Network has won the Hyderabad franchise for an amount of Rs. 85.05 crore per year. This franchise fee represents a premium of over a 100% above the amount paid by DCHL for the Hyderabad Franchise in 2008.”
“The Sun TV Network bid was substantially higher than the second bid of PVP Ventures, which was Rs. 69.03 crore,” he added.
BCCI released the tenders after Deccan Chargers’ contract was terminated.
By Indian Sports News Network