India: CVC Capital, billionaire Sanjiv Goenka to buy two new IPL franchises

India: CVC Capital, billionaire Sanjiv Goenka to buy two new IPL franchises

Photo by Alessandro Bogliari on Unsplash

The Indian Premier League (IPL) got two new teams on Monday for a staggering total of 12,715 crore, more than threefold the base prize ( 2,000 crore per team) set when bids were invited.