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English football club wants to buy IPL team: Modi

English football club wants to buy IPL team: Modi
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First Published: Tue, Feb 16 2010. 11 32 PM IST
Updated: Tue, Feb 16 2010. 11 32 PM IST
New Delhi: Indian Premier League (IPL) commissioner Lalit Modi told ‘PTI’ that a top English football club is planning to bid for one of the two new IPL cricket teams that are going to be added next year to the current eight.
Modi declined to identify the possible investors. Manchester United had denied that it was in the running, while Modi himself ruled out Chelsea in a posting on the micro-blogging site Twitter.com
“I have nothing to add to it (the earlier statement) as of now,” he told Mint. Media reports speculated on Manchester City’s interest in bidding for an IPL team considering the club’s financial backing.
The Manchester City team was bought by Abu Dhabi-based United Group Holdings in 2008 for £210 million (Rs1,522.5 crore), 47% higher than IPL’s base-bid price for the new teams of £143 million. Despite several attempts, Mint could not reach the chief executive of United Group Holdings. Neither Modi nor Sundar Raman, chief executive of the league, responded to further queries by Mint.
(‘PTI’ contributed to the story.)
priyanka.m@livemint.com
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First Published: Tue, Feb 16 2010. 11 32 PM IST