Business Standard
Tuesday, May 22, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

At IPL-5 auction, Ravinder Jadeja commands Rs 9.7 cr
BS Reporter / Bangalore Feb 05, 2012, 00:57 IST

The auction of eight franchisees for players in the fifth season of Indian Premier League (IPL) concluded here in Bangalore with the teams spending around $11 million (around Rs 54 crore) for buying 25 players. The eight teams had a total of around $16.6 million to spend with 144 players to be auctioned including eight Indian players.

The star of the fifth edition of IPL was 23-year old young Indian all-rounder Ravindra Jadeja, who was picked by by the Chennai Super Kings for a whopping $2 million (around Rs 9.7 crore). The former Kochi Tusker player's base price was $100,000 and the bid was a tie between Chennai and the Deccan chargers.

According to the tie-breaker clause, both Chennai and Deccan were asked to bid a secret amount and finally Jadeja went to Chennai's armoury after a tough battle. The second player who made big bucks under the hammer was former captain of the Kochi Tuskers Mahela Jayawardena. The Delhi Daredevils bagged the Sri Lankan batsman for $1.4 million (around Rs 6.8 crore).

Among other big gainers in the auction was New Zealand wicketkeeper-batsman and former Kochi Tusker player Brendon McCullum. He was bought for $900,000 by Kolkata Knight Riders. McCullum's base price was $400,000. Another surprise bid for the fifth edition was for the Indian wicket keeper Parthiv Patel. The former Chennai Super Kings player went to the Deccan's kitty for $650,000, which was high from the base price of $200,000. Australian batsman Brad Hodge was taken by Rajasthan Royals for $475,000 (around Rs 2.3 crore).

Though names of eight Indian players were put under the hammer only six players got buyers. Indian players like VRV Singh and veteran batsman VVS Laxman found no takers in the auction for the fifth edition of the IPL.

As cricket is a game of unexpected events and thrills, the auction for fifth edition also saw thrilling shows. The greatest thriller of the auction was the bid for Sunil Narine, a lesser known West Indies off-spinner.

Mumbai Indians and Kolkata Knight Riders (KKR) challenged each other for Narine and KKR made it home by winning the off-spinner for $700,000 (around Rs 3.4 crore). Narine was listed at a low base price of $50,000. Another surprise of the day was the auction of South African veteran Herschelle Gibbs, was sold to Mumbai Indians for a low base price of $ 50,000.

Indian medium pacer R Vinay Kumar emerged as the star in the auction for pace bowlers.

Vinay Kumar was bought for a whopping $ 1 million by Bangalore-based Royal Challengers Bangalore, while RP Singh was sold to Mumbai Indians for $6,00,000 while S Sreesanth was sold to Rajasthan Royals for $4,00,000. The Royal Challengers Bangalore also bought Sri Lankan spin bowler Muttiah Muralitharan for $220,000 (around Rs 1.07 crore).

Apart from Laxman some of the other major players who went unsold includes England's James Anderson, Ian Bell, Ravi Bopara and Matt Prior, West Indies' Ramnaresh Sarwan, Adrian Barath and Darren Bravo and South Africa's Mark Boucher.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat, weakening rupee weighs
- UK regulator decision to fine NRI financial advisers upheld
- 30 striking AI pilots sacked, two return to work
- Speciality Restaurants sets IPO price at Rs 150 per share
- Shriram EPC bags Rs 165 cr contract in Kerala
  Read Business news in 
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Journey on, We are by Your Side. Click here to know more
- 
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- The Best Seller is Also the No. 1 in Mileage. Click here
- One Partnership Endless Possibilities. Click here to know more
- A Brand New Server at a Price That Fits Your Budget. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- Leader in Passenger Car & Automobile Tyres. Click here
- Watch The Film Here. Click here to know more..
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Posted by: bilal ashraf larik
b.mccullum is very dangrus player.mcullum is best player in t20
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Facebook IPO spawns social media angels
- Shares trade below issue price as Nasdaq scrambles
- Premji says his son Rishad may succeed him eventually
- NTPC's Bangladesh plan hits Sunderbans hurdle
- India changes stance on rise in US visa fee
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us