In the high profile bidding for the city based franchisees, Mukesh Ambani, the Reliance Industries chairman, acquired the Mumbai franchise for $111.9 million over a 10-year period; beer and airline baron Vijay Mallya, who also owns a Formula 1 team, won the Bangalore franchise for $111.6 million; Bollywood actor Shah Rukh Khan's Red Chillies Entertainment won the Kolkata franchise for $75 million; the biggest surprise was the Chandigarh franchise, which went to Preity Zinta and Ness Wadia, together with two other industrialists, for $75 million. The prize money for the first edition of the tournament is USD 3$ million. |
