IPL's value has gone down
Although the Hyderabad IPL franchise was bought for double its purchasing amount in 2008, it is a big fall from the amounts paid to purchase the Kochi and Pune franchises in 2010
ESPNcricinfo staff
25-Feb-2013
Although the Hyderabad IPL franchise was bought for double its purchasing amount in 2008, it is a big fall from the amounts paid to purchase the Kochi and Pune franchises in 2010. This, writes Amit Gupta in Mumbai Mirror, represents a definite reduction in the value of the IPL.
Deccan Chronicle had paid only Rs 42.8 crore per year when they bought the team for approximately Rs 428 crore for 10 years. But if one is to look at the standards set during the auction of the two new teams in 2010, it is a mighty fall.
Another point to note is the fact that only two bids were received for the auction.