IPL auction

IPL auction

The world economy is still struggling, but the Indian Premier League and the franchise, but it seems to buck the recession years.

Sixth Sunday of the auction, the nine teams spent a total $ 11,890,000 (approximately Rs.64 crore) to buy 37 players against 25 players in the event last year.

This increase of 12 players was surprising, given that each will have one-year contracts, because this is the last year of the three-year cycle of the IPL, the player deals. Next year, all players, except for a limited number of franchisees decide to keep, is expected to return to the auction pool and the teams will build from scratch.

Glenn Maxwell, a young Australian all-rounder, he commanded the highest price at auction - a whopping $ 1 million (Rs.5.31 crore) - the Mumbai Indians.

Maxwell, the 24-year-old right-handed batsman who has published the Delhi Daredevils last year and had a base price of $ 200,000, has been aggressively bidding war between Mumbai and is the latest entrant in IPL, Hyderabad Sunrisers. The Mukesh Ambaniowned election after the transaction closed on Sun TV-owned franchise stopped at $ 975,000.

Sri Lanka mystery spinner Ajantha Mendis, i was the second largest search engine, pick up the Pune Warriors for $ 725,000, while No. 3 on the list was a little-known Australian pacer Kane Richardson, who spent $ 700,000 in the same franchise.