New IPL Team: Lucknow and Ahmedabad officially have their own IPL team now.

This war of a new IPL took a new curve, it has been confirmed that the two new IPL teams will be Ahmedabad and Lucknow.


RPSG (The RP- Sanjeev Goenka Group) are the owners of Lucknow IPL team, whereas CVC Capital are the owners of Ahmedabad IPL team.

Adani group has put a bid of Rs 5,000 cr. And Manchester United didn’t close the 5,000 mark.

The CVC capitals also owns a Formula 1 team and now they are owning and IPL Team.

The exact winning bid amount was

RP- Sanjeev Goenka Group – 7,090 cr for Lucknow team.

CVC Capital- 5,600 cr for Ahmedabad team.

The BCCI gets whooping 12,690 cr (1.7 billion dollars) from the sale of 2 New IPL Teams.

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