New Delhi,Dec 8: The Board of Control for Cricket in India (BCCI) on Tuesday awarded the two new Indian Premier League (IPL) teams to Intex and New Rising.
Mobile phone manufacturer Intex group will pay 10 crores for Rajkot, while Sanjeev Goenka-owned New Rising consortium will shell out for Pune.
"People want to associate with cricket and IPL for reasons beyond money and economics," IPL commissioner Rajeev Shukla told ESNP Cricinfo.
Goenka is also the co-owner of Indian Super League's Kolkata franchise.
Both the winning bids went into the negative.
Both new teams will not be a slice of the revenues that franchises get from the IPL's central revenue pool.