Nayagarh,(Baghuabarta): Earlier this month, Saudi Arabia’s Public Investment Fund (PIF) bought English Premier League club Newcastle United for USD 380 million (Rs 3,100 crores) making it one of the costliest take overs ever. For a club that was founded in the 19th century, and part of a brand that is renowned worldwide, it was every bit worth their penny. On Monday, as the Board of Control for Cricket in India (BCCI) opened the bids to welcome two new teams in the Indian Premier League (IPL), it turned all the eyes on them. And at the end of a long-day, the 14-year-old league now has two teams from Lucknow and Ahmedabad that cost Rs 7,090 crores and Rs 5,625 crores which is costlier than some of the leading Premier League clubs.
Rs 12.7 Thousand Crores Windfall For BCCI As Lucknow, Ahmedabad Get New IPL Teams
