FILE PHOTO: A cricket fan gets his face painted before the Indian Premier League (IPL) qualifier 2 match outside a stadium in Kolkata May 24, 2013. For decades, cricket was a sleepy, laid-back pastime, but the shorter, television-friendly forms of the sport have brought an influx of money, especially in India. Experts on cricket say the large sums at stake and easy access to cricketers by bookies are clouding the future of the game. Picture taken on May 24, 2013. REUTERS/Rupak De Chowdhuri
(Reuters) - The Indian Premier League (IPL) on Monday unveiled two new teams for the Twenty20 competition, with the Lucknow and Ahmedabad franchises sold for a combined 127.15 billion Indian rupees ($1.7 billion).
The RP-Sanjiv Goenka Group, which owned the now-defunct Pune franchise for two IPL campaigns, bid 70.9 billion Indian rupees for the Lucknow outfit while Irelia Company Pte. Ltd. (CVC Capital Partners) bid a little over 56 billion Indian rupees for the Ahmedabad side.
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