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IPL Lucknow team at Rs 7090 crores  is the most expensive in IPL history !!

 

Two new teams are going to be entered in the Indian Premier League – Lucknow and Ahmedabad. A total of Rs 12,715 crore ($1.7 billion) has been spent for both the teams. Even BCCI did not expect that much money to come. Business tycoon Sanjeev Goenka’s RP-SG Group bid for Rs 7,090 crore for the Lucknow franchise. Now look at this by connecting it to the first IPL held in 2008. Then Mumbai Indians was the most expensive team which was prepared for $ 111.90 million.

In 2008, the exchange rate of the dollar was between Rs 48-49. As of today, the value of one US dollar is more than Rs.75. From this, guess how big is the bid of RP-SG Group that India has allotted Rs 2,596.14 crore for the game in the budget of 2021-22. The value of the Lucknow team is almost three times more than that. The BCCI was expected to get around Rs 10 thousand crore from the two new teams participating in the IPL from 2022, but it earned more than Rs 12,500 crore.

all images credits sportstiger

What could have been bought by using Rs  7090 crores  … 


A total of $723.59 million was bid for the eight teams of IPL 2008. The cost of Lucknow team is much more than this. 


Six new AIIMS can be set up in the country with Rs 7,000 crore. 


The entire budget of AIIMS Delhi alone is Rs 3,800 crore.


 Rs 3,094 crore has been allotted for the new bridge to be built between Palashbari and Sualkuchi on the Brahmaputra river in Assam.


 India’s sports budget is just Rs 2,596.14 crore.


 India has got a Rafale fighter jet for Rs 1,670 crore. For Rs 7,090 crore, four Rafales would have come.

On this huge investment , Sanjiv Goenka said, “IPL has created bigger brands than this. Look at Mumbai Indians, Delhi Capitals, Chennai Super Kings and look at a few others, they are common big names, one of the biggest brands in the country. “We believe that valuations will increase in future. The investment we have made can grow manifold in 10 years.


courtesy : Nav Bharat Times

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