Interest is high for new IPL franchise's
Despite the high base rate for the two new IPL franchise's a number of India's largest companies are already looking to take part in the franchise auction next year despite the current financial uncertainty around the world.
Hero Honda MD Pawan Munjal and the Sahara group have already publicly admitted they are interested in becoming IPL franchise owners although Munjal has expressed concern over the minimum base price of $225 million.
"On a personal level, yes, I have been interested in IPL. The way IPL numbers are going up, I am not sure." said Munjal. He also explained why Hero Honda wouldn't bid for one of the new teams.
"You can't be associated with cricket in various forms-as a sponsor of bilateral competition between India and another team, or as a sponsor of the ICC T20 World Cup or the ICC 50 over World Cup which Hero Honda has been associated with for a long time." he added.
A spokesperson for the Sahara group said they were waiting for more details before committing to the bid process which is expected to be held later next year.
Although would be owners have expressed concerns over the price of the new teams values current owners feel the prices reflect the high values of the league.
"The actual bids could be much higher than the $225 million base price," said PK Iyer, MD of the Deccan Chargers franchise.