New Delhi, Dec 8 : Two new franchisees, based out of Rajkot and Pune, won bids to be part of the 2016 Indian Premier League (IPL). They will replace the Chennai Super Kings and Rajasthan Royals that have been suspended for two years for spot-fixing and betting.
The Pune franchise was bought by Kolkata-based businessman Sanjiv Goenka's company New Rising. Intex Mobiles won the Rajkot franchise bid. Goenka will pay Rs.10 crore per year for two years to BCCI. Intex Mobiles will shell out Rs.16 crore for the period.