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Thread: IPL franchise owners line up to buy hockey league teams

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    The Lone Ranger Lieutenant General rishabhd's Avatar
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    Default IPL franchise owners line up to buy hockey league teams

    Corporate giant India Cements, owner of Chennai Super Kings team in the Indian Premier League, is all set to make a foray into hockey now.

    Sources in the know said late on Tuesday that the company, owned by BCCI president N Srinivasan, is close to signing a deal with Hockey India to buy the Chennai franchise of the Hockey India League (HIL) which will be played in January-February next year. The deal is likely to be finalised by the end of this week.

    It has also been learnt that two other IPL team owners are in the race to buy the sixth and last hockey league franchise up for sale.

    "Negotiations are on with Kolkata Knight Riders' owner Shah Rukh Khan as well as Mumbai Indian owners Mukesh Ambani to buy the last franchise which in all likelihood will be Mumbai," the source said.

    India Cements had received a proposal from Hockey India to buy its Chennai franchise some days ago but nothing was finalized until early Tuesday as the top management of the India Cements was caught in two minds over investing in a sport like hockey which has lost some ground in the country after the London Games.

    Sources said the talks between Indian Cements and Hockey India are now on right track. "The discussion is going and I don't think it'll fall through. As far as I'm concerned, India Cements will agree to buy the Chennai franchise," a source said.

    It has been learnt that IPL chairman Rajiv Shukla, who is also a board member of the HIL, has played a key role in trying to convince India Cements to join the hockey fold.
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    The Lone Ranger Lieutenant General rishabhd's Avatar
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    ALL YOU WANT TO KNOW ABOUT HIL

    Format of the tournament

    Six teams will play on home-and-away basis before the play-offs with a total of 33 matches in 2013

    The team topping the league will be rewarded with a place in the final

    The teams finishing third and fourth will play the first play-off game and the winner will meet the team finishing second in the league for a place in the final.

    Players

    There will be 144 players in six teams of 24 each

    There will be a maximum of 10 overseas players in each team

    90 Indian players, including all those who were part of the squad that played in the Olympic Games, have signed up for next month's players ' auction

    Franchisees

    Sahara India: Lucknow Jaypee Group: Punjab Patel-U niexcel Group: Ranchi Wave Group: Delhi

    Two other franchisees will be revealed in the coming days

    Broadcast partner

    ESPN Star Sports is the broadcast partner for five years

    FIH support

    World body has created a window for HIL in January-February each year

    Will help in the technical conduct of the Hockey India League event
    Wo Acha Hay Tou Behtar, Bura Hay Tou Bhi Qabool
    Mizaaj-E-Ishq Mein Aib-O-Hunar Dekhe Nahi Jatay...!!!


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