The Sahara group won the bid for IPL franchise Pune on Sunday while little known consortium Rendezvous Sports World Limited clinched Kochi as the two new teams are joining the cash-splash Twenty20 league from the 2011 season.
Tweetinister Shahshi Tharoor inspired Rendezvous Sports includes Vivek Venugopal, Anchor Switches, Rosy Blue Diamond , Mukesh Patel, and Ravi and Sanjay Gaikwad. Anchor Switches is a company from Gujarat owned by Mehul Shah. Rosy Blue Diamond is one of the world’s largest diamond manufacturing companies which owns jewellry brand ‘Orra.’ Ravi and Sanjay Gaikwad are Mumbai-based businessmen. Sanjay Gaikwad is the CEO of UFO Moviez while Mukesh Patel is an education baron who runs technology, management and engineering institutions. Being surprised with the size of the bids, Modi told: “I was expecting something in the range of $320m, but this does come as a surprise to me. You talk about recession, but all I can say is that there’s no recession in IPL.’’ Sahara’s bid for Pune was way better than what the Adani group (USD 315 million) or the Pune consortium (USD 261.3 million) had to offer. The Videocon group apparently had the backing of Bollywood superstars Saif Ali Khan and Kareena Kapoor but they failed to bag a team. Meanwhile elated after bagging Pune, Sahara spokesman Abhijit Sarkar said it was a matter of great pride for the company, which has been the Team India sponsor for a long time. “Sahara is the biggest patron of sports in the country and we have been associated with the BCCI family for the last 15 years. So when we came to know about this proposition of cricket with business, we bid for IPL,” he said. A Rendezvous representative also expressed happiness after landing the Kochi team and said, “We are very happy to note that we have been successful in today’s bidding and having the Kerala franchise.”
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