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MUMBAI:
In the bidding race for the buyout of IPL franchise Deccan
Chargers, there will be a surprise contender. Mumbai-based
RN Sports Club, which had expressed intent to buy the franchise
outright, has been told by Deccan Chronicle chairman T. Venkattram
Reddy to bid for it.
Reddy
today met with two executives of RN Sports Club. "While
we wanted to buy the franchise outright, Reddy told us to
go through the bidding route," the Club's spokesperson
Deepika Sood told Indiantelevision.com.
As
had been reported earlier by Indiantelevision.com, RN Sports
is willing to pay Rs 9-11 billion. Backed by a celebrity and
a businessman, it was ready to buy outside the bidding process.
Interestingly, Bollywood star Salman Khan's name has also
cropped up in the list of possible bidders.
Earlier,
Videocon CMD Venugopal Dhoot had told Indiantelevision that
his company would bid around Rs 7 billion. Other names doing
the rounds who could bid for the franchise include Adani Group
and former Satyam COO Srini Raju who is now Peepul Capital
co-founder, chairman.
Also
read:
RN
Sports Club willing to buy Deccan Chargers for Rs 11 bn
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