On Monday, the RP Sanjiv Goenka Group revealed the name of the franchise as Lucknow Super Giants after they had bid successfully for the franchise last year in October for an amount of INR 7090 crore.
Sanjiv Goenka last week had announced that KL Rahul will be captaining the franchise. Rahul was bought for an amount of INR 17 crore which is the highest match fee for a player in the IPL.
The RPSG have previously featured in the IPL and are thus well aware of the tournament’s rules and regulations.
They had formed a temporary team for 2 years in place of the existing IPL teams of Chennai Super Kings and Rajasthan Royals and had named it Rising Pune Super Giants. However, in 2017, they had to change it to Rising Pune Supergiant.
The businessman revealed in an interview that this new name was chosen on the basis of a crowd campaign in which people were asked to come up with a unique name for the Lucknow franchise.
The franchise has also snapped up Australian Marcus Stoinis and uncapped Indian player Ravi Bishnoi. Stoinis will receive an amount of INR 9.2 crore while Bishnoi will be paid his base price as fixed by the IPL.
In this process, a total of INR 10 crore will be reduced from Lucknow’s purse as per the IPL rules. So, the franchisee will have INR 59 crore when they start bidding at the IPL Auctions in Bengaluru on the 12th and 13th of February.
The 15th season of the tournament will most likely be held in India after all team owners requested BCCI secretary Jay Shah. But, it could be shifted to another location depending on how the COVID situation remains in India.
Ahmedabad franchise is the second new franchise alongside Lucknow this season.
Their three players are Hardik Pandya, Rashid Khan, and Shubhman Gill. An amount of INR 15 crores would be paid to both Hardik and Rashid while Shubman will receive an amount of INR 8 crores.
Thus, Ahmedabad’s purse will have INR 38 crores after their purchase of three capped players.
Eventually, Ahemdabad will start at INR 52 crore at the auction.
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