Modi: "We had three 'valid' bids for new IPL teams with $100m guarantees each"
sportingintelligence832.substack.com
By Nick Harris 8 March 2010 EXCLUSIVE The Indian Premier League’s bungled auction yesterday of two new franchises, on sale for at least $225m each (£149m), was not the total failure it initially appeared, sportingintelligence can reveal, with the IPL’s chairman, Lalit Modi, telling this website today that the IPL received three “valid” bids for at least the minimum amounts. Modi added that those bids each came with $100m guarantees.
Modi: "We had three 'valid' bids for new IPL teams with $100m guarantees each"
Modi: "We had three 'valid' bids for new IPL…
Modi: "We had three 'valid' bids for new IPL teams with $100m guarantees each"
By Nick Harris 8 March 2010 EXCLUSIVE The Indian Premier League’s bungled auction yesterday of two new franchises, on sale for at least $225m each (£149m), was not the total failure it initially appeared, sportingintelligence can reveal, with the IPL’s chairman, Lalit Modi, telling this website today that the IPL received three “valid” bids for at least the minimum amounts. Modi added that those bids each came with $100m guarantees.