IPL: New teams would go for 3,000 to 3,500 crores, says Ness Wadia

Punjab Kings co-owner Ness Wadia expects each of two new teams in the IPL - set to be announced by the BCCI on October 25 after a team auction - to be sold for not less than 3,000 to 3,500 cr. "The value of each of the new teams should be 50 to 75% more than the base price of Rs 2000 cr. I think each team would go for a minimum of 3,000 to 3,500 cr," Wadia told TOI in an interview on Sunday.

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