Sun TV, the South India based media network successfully won the bid to own and run the Hyderabad Indian Premier League(IPL) Deccan Chargers team franchise. The name of the Hyderabad IPL team will be changed in coming days as the owner changed.
SUN TV Network will now pay Rs 85.05 crore per year to the BCCI, for the next ten years, to own the franchise. Sun TV's bid was also substantially higher than the second bid of PVP Ventures, which was at rs 69.03 crore per year. BCCI had placed Rs 300 crore as the base price for the team.
In September this year, the BCCI had terminated the franchisee agreement of Deccan Chargers, following which it had issued tender notices inviting bids for a new franchise.
Current Affairs and General Awareness questions for IBPS Clerk Exam December 2012 based on this news:
1. Who own the Hyderabad IPL team
A) SUN TV Network
2. IPL abbreviation
A) Indian Premier League
3. Who organise IPL teams
A) BCCI
4. BCCI abbreviation
A) Board of Control for Cricket in India
5. BCCI headquarters located in
A) Mumbai, India
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