side-banner

We've done our math: Sanjiv Goenka on a huge ₹7,090 crores bid for Lucknow team

Shortpedia

Content Team
Image Credit: Mint via Getty Images

RPSG Group made the highest bid for ₹7,090 crores and chose the Lucknow franchise. The head of the RPSG Group Sanjiv Goenka said, Of the Rs 7000 crore, I will probably be paying only Rs 3500 crore in 10 years. It is because I will be getting Rs 3500 crore from the BCCI from the broadcast rights. The net present value of that is Rs 2100 crore. That means I have got an IPL team for Rs 2100 crore.