SUN TV wins Hyderabad franchise
The IPL Governing Council met earlier today in Mumbai to open the bids for a new IPL Franchise.
SUN TV Network have won the Hyderabad Franchise for an amount of `. 85.05 crores per year.
This Franchise fee represents a premium of over a 100 % above the amount paid by DCHL for the Hyderabad Franchise in 2008.
The SUN TV Network bid was substantially higher than the second bid of PVP Ventures, which was `. 69.03 crores.