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SBD Global/June 29, 2012/Leagues and Governing Bodies

Indian Business Houses Buy Seven Sri Lanka Premier League Franchises

Indian business enterprises "showed keen interest" in the inaugural edition of the Sri Lanka Premier League and bought all seven contesting franchises, even despite the Board of Cricket Control in India not allowing its players to participate in the Twenty20 league, according to the PTI. Wadhawan Holdings shelled out the highest bid of $5M for the Wayamba Wolves, while Number One Sports Consulting offered a bid of $5M for the Kandurata Kites. The Uva Unicorns and Ruhuna Rhinos went to Success Sports and Pearl Overseas respectively for $4.6M. The Basnahira Bears were bought by Indian Cricket Dundee at $4.3M, while the Uthura Oryxes at $3.4M went to Rudra Sports. Varun Beverages brought up the rear spending $3.2M for the Nagenahira Nagas. The debut edition of the SLPL is scheduled to begin Aug. 10, with the final to be held on Aug. 31 (PTI, 6/28).
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