SUN TV wins Hyderabad franchise

Network's bid amounts to Rs 85.05 crores per year

MEDIA RELEASE

The IPL Governing Council met earlier today in Mumbai to open the bids for a new IPL Franchise.

SUN TV Network have won the Hyderabad Franchise for an amount of `. 85.05 crores per year.

This Franchise fee represents a premium of over a 100 % above the amount paid by DCHL for the Hyderabad Franchise in 2008.

The SUN TV Network bid was substantially higher than the second bid of PVP Ventures, which was `. 69.03 crores.

Sanjay Jagdale
Hony. Secretary
BCCI