"Not more than six investors are expected to place their bids for the new teams," a BCCI source said.
The minimum bid price ($225 million) is almost double the figure of the most expensive IPL team - the Mumbai Indians - owned by Mukesh Ambani, who had paid $111.9 million in 2008.
There were 16 bidders for the 8 franchises in the first season.
Image: Nita Ambani (left), owner of the Mumbai Indians and Lalit Modi attend the IPL auction 2010. Text: Business Standard
Images courtesy: Getty / AFP
Also see: Companies scramble to score with IPL 2010
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