IPL: RPSG bags Lucknow for Rs 7k crore, CVC gets Ahmedabad for Rs 5.6k crore

Adani Sportsline, considered a frontrunner for the Ahmedabad franchise, submitted a bid of Rs 5,100 crore for Ahmedabad as well as Lucknow. CVC bid Rs 5,625 crore for Ahmedabad and Rs 5,166 crore for Lucknow. RPSG Group bid the same amount (Rs 7,090) for both Ahmedabad and Lucknow. BCCI gave RPSG the choice of picking a city first, by virtue of being the top bidder, and the group settled for Lucknow. The Ahmedabad franchise thus automatically went to CVC.

Source: Cricket News: Latest Cricket News, Live Scores, Results, Upcoming match Schedules | Times of India