Technoglitch
Core Member
The franchise owners of the eights teams in the inaugural Tamil Nadu Premier League (TNPL) Twenty20 tournament had been decided. And the TNCA emerged considerably richer.
While the base price for a franchise was Rs. 1.25 crore (per year), the lowest successful bid, by Chettinad Apparels Pvt. Ltd., fetched TNCA Rs. 3.3 crore.
And the highest bid, by Thoothukudi Sports and Entertainment Pvt. Ltd. headed by Albert Muralidharan, was worth a whopping 5.21 crores.
As many as 22 tenders were purchased but only 17 actually bid for the franchises. In all, the TNCA got Rs. 33 crore — 3.3 times the minimum bid amount — from the exercise.
TNCA president N. Srinivasan was present on the occasion, and took keen interest in the process.
It was also officially announced that STAR India will be the broadcaster for the competition that will begin in the last week of August and continue till the second week of September. The deal will be worth between Rs. 7.2 and 10 crore for the first year, and eight to 12 in the second, based on certain calculations.
A total of 27 matches will be played at Chennai, Natham and Tirunelveli. All three venues have floodlights.
The franchise representatives were allowed to pick the names of districts or towns, excluding Chennai, for their teams. Thoothukudi Sports, the top bidder, was given the first choice. It chose Thoothukudi.
Metronation Chennai Television, which owns Thanthi TV, was the second highest bidder at Rs. 5.13 crore, and it will choose a suburb from South Chennai.
Lyca Productions (Rs. 5.01 crore) picked Coimbatore, and Kothari (Madras) Ltd. (Rs. 4.001 crore) opted for Madurai. Ruby Builders (Rs. 3.69 crore) took Kancheepuram.
Former India player V.B. Chandrasekar (Rs. 3.48 crore), the lone cricketer among the franchise owners, zeroed in on Thiruvallur. “As a former cricketer, I know that TNPL will be an excellent competition for spotting talent,” he said.
TAKE Solutions (Rs. 3.42 crore) named Dindigul while Chettinad Apparels (Rs. 3.3 crore) homed in on Karaikudi.
TNPL Twenty20 tournament: Tamil Nadu Premier League franchise owners decided - The Hindu
While the base price for a franchise was Rs. 1.25 crore (per year), the lowest successful bid, by Chettinad Apparels Pvt. Ltd., fetched TNCA Rs. 3.3 crore.
And the highest bid, by Thoothukudi Sports and Entertainment Pvt. Ltd. headed by Albert Muralidharan, was worth a whopping 5.21 crores.
As many as 22 tenders were purchased but only 17 actually bid for the franchises. In all, the TNCA got Rs. 33 crore — 3.3 times the minimum bid amount — from the exercise.
TNCA president N. Srinivasan was present on the occasion, and took keen interest in the process.
It was also officially announced that STAR India will be the broadcaster for the competition that will begin in the last week of August and continue till the second week of September. The deal will be worth between Rs. 7.2 and 10 crore for the first year, and eight to 12 in the second, based on certain calculations.
A total of 27 matches will be played at Chennai, Natham and Tirunelveli. All three venues have floodlights.
The franchise representatives were allowed to pick the names of districts or towns, excluding Chennai, for their teams. Thoothukudi Sports, the top bidder, was given the first choice. It chose Thoothukudi.
Metronation Chennai Television, which owns Thanthi TV, was the second highest bidder at Rs. 5.13 crore, and it will choose a suburb from South Chennai.
Lyca Productions (Rs. 5.01 crore) picked Coimbatore, and Kothari (Madras) Ltd. (Rs. 4.001 crore) opted for Madurai. Ruby Builders (Rs. 3.69 crore) took Kancheepuram.
Former India player V.B. Chandrasekar (Rs. 3.48 crore), the lone cricketer among the franchise owners, zeroed in on Thiruvallur. “As a former cricketer, I know that TNPL will be an excellent competition for spotting talent,” he said.
TAKE Solutions (Rs. 3.42 crore) named Dindigul while Chettinad Apparels (Rs. 3.3 crore) homed in on Karaikudi.
TNPL Twenty20 tournament: Tamil Nadu Premier League franchise owners decided - The Hindu
