ajuravi
EntMnt Legend
Sun TV buys IPL's Hyderabad franchise for Rs 425 crore - The Times of India Sun TV buys IPL's Hyderabad franchise for Rs 425 crore - The Times of India
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DashMajor
EntMnt Knight
Where I projecting Modi as Saint its you guys who proving Shrinivasan innocent and pure, when Modi was there he helped his closet people and when Shrinivasan got power he helped his closet people, I have nothing more to say.
DashMajor
EntMnt Knight
Franchisee decide the fate of the Team not Team.You know the fate what happend to Kochi...by the way Sun wound not have invested in Kochi as it did not had any value...
ajuravi
EntMnt Legend
Whom did he help?
ajuravi
EntMnt Legend
At any cost if i was business man i would not invest my money in acquiring kochi team...
DashMajor
EntMnt Knight
Sun shines on BCCI's IPL fortune
Sahara paid 170 crore a year for Pune Warriors for 10 years, Kochi Tuskers was bought for 153cr a year and Sun is paying 85 crore a year (at 425cr for 5 years). Deccan Chargers were obliged to pay BCCI 210cr at 42cr a year for the next 5 years.
Sahara paid 170 crore a year for Pune Warriors for 10 years, Kochi Tuskers was bought for 153cr a year and Sun is paying 85 crore a year (at 425cr for 5 years). Deccan Chargers were obliged to pay BCCI 210cr at 42cr a year for the next 5 years.
Technoglitch
Core Member
Maran to get Hyderabad team. He doesn't know that they are not friends
DashMajor
EntMnt Knight
Sun shines on BCCI's IPL fortune
Sahara paid 170 crore a year for Pune Warriors for 10 years, Kochi Tuskers was bought for 153cr a year and Sun is paying 85 crore a year (at 425cr for 5 years). Deccan Chargers were obliged to pay BCCI 210cr at 42cr a year for the next 5 years.
Sahara paid 170 crore a year for Pune Warriors for 10 years, Kochi Tuskers was bought for 153cr a year and Sun is paying 85 crore a year (at 425cr for 5 years). Deccan Chargers were obliged to pay BCCI 210cr at 42cr a year for the next 5 years.
Technoglitch
Core Member
Deccan couldn't able to sustain it and one thing at that time hyd team wasn't doing well
DashMajor
EntMnt Knight
In 2010, when the BCCI had held the auction, the Sahara group bid a whopping $370m (approx Rs 1700 crore) for Pune, and a consortium of investors bid $333.5m (approx Rs 1300 crore) for Kochi, payable over a period of 10 years.
If those prices are considered, Sun buying Hyderabad for just Rs 425 crore (valuated at Rs 850 crore for 10 years) can only be termed a steal and a sharp fall in valuation.
Sun was speculated to be in the running to buy the Deccan franchise when DCHL had first floated a tender, under the aegis of the BCCI in September, stating its intent to sell the team.
However, despite the speculation, Sun did not turn up at the auction and maintained throughout that they weren't interested in bidding for an IPL team. PVP Ventures, who bid Rs 69.03 crore per year for the Hyderabad franchise on Thursday, were the only interested buyers who turned up to bid for Chargers back then.
The winning price, quoted by Sun, is being termed as a "steal" within the IPL fraternity, who despite having bought the franchise in 2008, are still paying similar money as installments for some of the teams.
A BCCI press release on Thursday 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."
If those prices are considered, Sun buying Hyderabad for just Rs 425 crore (valuated at Rs 850 crore for 10 years) can only be termed a steal and a sharp fall in valuation.
Sun was speculated to be in the running to buy the Deccan franchise when DCHL had first floated a tender, under the aegis of the BCCI in September, stating its intent to sell the team.
However, despite the speculation, Sun did not turn up at the auction and maintained throughout that they weren't interested in bidding for an IPL team. PVP Ventures, who bid Rs 69.03 crore per year for the Hyderabad franchise on Thursday, were the only interested buyers who turned up to bid for Chargers back then.
The winning price, quoted by Sun, is being termed as a "steal" within the IPL fraternity, who despite having bought the franchise in 2008, are still paying similar money as installments for some of the teams.
A BCCI press release on Thursday 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."