Pune and Rajkot teams replace Chennai and Rajasthan in IPL

Two new teams based out of Rajkot and Pune replacing suspended Chennai Super Kings and Rajasthan Royals forthcoming edition of the Indian Premier League (IPL).

Intex group bagged the Rajkot-based IPL team, winning the reverse bidding for the franchise while Kolkata-based business tycoon Sanjiv Goenka’s RP-Sanjiv Goenka group won the bid for the Pune-based team.

• The RP-Sanjiv Goenka group acts as co-owner for the Indian Super League(ISL) franchise Atletico de Kolkata and former Indian cricket captain and member of IPL governing council Sourav Ganguly and La Liga club Atletico Madrid.
• Intex group’s bid for Rs -10 crore clinched the Rajkot team and RP-Sanjiv Goenka group won the bid for the Pune-based team for Rs -16 crore.The base price for the reverse bid from the central revenue pool was Rs 40 crore.

IPL’s 2016 edition to be held from 9 April to 29 May and IPL auction will take place on 6 February, 2016 in Bengaluru.