INDIAN STREET PREMIER LEAGUE (ISPL) CO-OWNERS BID A RECORD INR 1165 CRORES FOR SIX CITY TEAMS

 by Priya Jadhav

The “Invitation to Bid” saw an enthusiastic response from aspiring bidders with Srinagar garnering the highest bid of INR 251 cr. from SG Sports  

Mumbai, January 31, 2024: The Indian Street Premier League (ISPL), India’s pioneering tennis ball T10 cricket tournament to be played inside a stadium, today announced the results of the ‘Invitation to Bid’ for Co-Owners of the six city teams. The enthusiastic response from bidders saw a record of INR 1165 cr. being bid for the six city teams with Akshay Kumar’s Team Srinagar garnering the highest bid of Rs.251 cr. from Mr. Sanjay Gupta & Mr. Rohan Gupta’s SG Sports Pvt. Ltd. 

The other winning bids were Rs.225 cr. from Mr. Venkat K Narayana’s KVN Enterprises LLP for Hrithik Roshan’s Team Bangalore; Rs.205.6 cr. from Ms. Neeti Agrawal’s PATH India Ltd. for Amitabh Bachchan’s Team Mumbai; Rs.200 cr. from Mr. Irfan Razack’s INR Holdings for Ram Charan’s Team Hyderabad; Rs.163.6 cr. from Mr. Rajdipkumar Gupta & Mr. Sandipkumar Gupta for Suriya’s Team Chennai; and Rs.120 cr. from Ms. Aksha Kamboj’s Aspect Global Ventures Pvt. Ltd. for Saif Ali Khan and Kareena Kapoor’s Team Kolkata. 

Master Blaster Sachin Tendulkar, Investor and Core Committee Member, ISPL said, “The Co-Owners will play an important part in realising ISPL’s core vision of encouraging and finding emerging cricketing talent through a professional league format with a tennis ball. I wish them all the best as they embark on this new association with the game!” 

Ashish Shelar, Core Committee Member, ISPL said, "It is our privilege to welcome the Co-Owners to the ISPL family. I am sure that they will treasure the journey as we together transform the game of T10 cricket in India and take it to new heights!” 

Amol Kale, Core Committee Member, ISPL said, “The enthusiastic response to the ‘Invitation to Bid’ has given us the confidence that the unique format of the ISPL T10 league, which brings together sports and entertainment, will attract a huge audience. We look forward to the new Co-Owners contributing to the success of the league!" 

Suraj Samat, ISPL Commissioner said, "We are pleased to welcome the new Co-Owners on board the ISPL Cricket League. I can promise that every stakeholder, along with the superstar celebrity owners, is in for a spectacular cricketing experience that is the first of its kind in the country." 

The “Invitation to Bid” (ITB) had a base price of INR 10 Lakhs and the final bids totalling to INR 1165.2 cr. are a testament to the strength of the format and its potential to create an exciting new brand in the world of cricket. The inaugural edition of ISPL will see the first matches in the series being played between 6^th to 15^th March 2024 in Mumbai, bringing a twist of entertainment to the game of cricket! 

About the Indian Street Premier League (ISPL) : The Indian Street Premier League (ISPL) is India’s pioneering T10 cricket league played with a tennis ball inside a stadium. It aims to capture the essence and excitement of street cricket while providing a professional platform for undiscovered cricketing talent across the country. The league has teams owned by celebrities representing different cities in India. The teams compete in a format with matches that include a round-robin phase followed by playoffs.