button googleplaybutton appstorebutton blackberry




General news

Sun TV wins IPL Hyderabad bid

Sun TV Network has won the bid for the Hyderabad Indian Premier League (IPL) Twenty20 cricket franchise.

It will have to pay the IPL Rs 85.05 crore per year for the next five years. Sun TV beat PVP Ventures for the bid.

The franchise fell vacant after the Board of Control for Cricket in India (BCCI) dropped Deccan Chargers this month for its failure to give a bank guarantee and other issues.

The team was put up for sale last month, but Deccan Chargers failed to find a buyer.

BCCI secretary Sanjay Jagdale said: "This franchise fee represents a premium of over 100% above the amount paid by Deccan Chronicle Holdings Limited for the Hyderabad franchise in 2008."

The new owner will be given an opportunity to form a team and compete in the IPL from 2013, and in the Champions League.

Post your comments

    Most read news

    • Last 7 days
    • Last 30 days
    • Always
    Indian direct to home (DTH) satellite TV operator Videocon d2h is adding Zee TV's high definition (HD) entertainment channel to its...
    Subhash Chandra, the chairman of Dish TV's parent company Essel Group, is looking to work with UAE authorities to stop residents...
    India's Information and Broadcasting ministry has asked the Telecom Regulatory Authority of India (TRAI) to come up with measures to...
    Pay-TV channels are to be added to Arasu Cable TV’s free to air package, which was re-launched by Tamil Nadu Government earlier this...
    A device to inject new life into the tablet industry in India has been launched by the Indian government at a subsidised price of just...
    India's 9X Media is to launch a new 24 hour Marathi music channel called 9X Jhakaas on 31 October, in what is set to be the first of...