NEW DELHI: Star India and Chettinad Cement are among the companies which have bought the bid document for buying the two new teams in the Indian Premier League.
Apart from Star and Chettinad, it is learnt that Cycle Brand Aggarbatti has also bought bid document from the BCCI.
“There are 21 corporates and large business houses which have bought bid documents. Now buying bid documents doesn’t necessarily mean participating in the bid,” a top BCCI official said.
While Star Sports are official broadcasters of India’s home matches as well as matches in Australia, England and ICC tournaments, thinking about buying an IPL team could be a significant development.
On the other hand, Chettinad Cement is a Chennai based company which is more than 50 years old.
Cycle Brand Agarbatti has also been associated with BCCI as sponsors during various international series.
Those who will buy team will be owning it for two years. The bidding process will be in reverse order as the lowest bidder will be owning the team. (AGENCIES)
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