Rendezvous Sports World Private Limited (RSW) was a cricket franchise in the Indian Premier League which had 100% of equity on Kochi IPL Team. Rendezvous Sports World Limited is a consortium made up of multiple companies. It had made the winning bid of USD 333 million in a global invitation to tender process called by the IPL for two new franchises from IPL season 2011.[1]
| Company type | Holding company |
|---|---|
| Industry | Sports Sports services |
| Founded | 2009 |
| Founder | Kisan Gaikwad Pushpa Gaikwad Pradeep Gaikwad |
Key people | Kisan Gaikwad |
| Revenue | (2020) |
| (2020) | |
| (2020) | |
| Total assets | (2020) |
| Owner | Kisan Gaikwad Pushpa Gaikwad Pradeep Gaikwad(100%) |
Number of employees | 229 (2020) |
| Subsidiaries | Kochi Tuskers Kerala (100%) |
| Website | Official website |
In April 2010, it threatened to sue IPL commissioner Lalit Modi for breaking confidentiality terms by disclosing details of the stakeholders in the new Kochi IPL team on the micro-blogging website Twitter.[2]
Franchise history edit
The auction for expanding the initial eight franchises for the Indian Premier League was held on 22 March 2010. The cities involved were Pune, Ahmedabad, Kochi, Nagpur, Kanpur, Dharamsala, Visakhapatnam, Rajkot, Cuttack, Vadodara, Indore and Gwalior. Two new teams were selected out of 12 cities. Sahara Group made the highest bid in the auction and chose to base its team in Pune, at the cost of US$370m (₹1702 crore).[3] Rendezvous Sports World made the second highest bid of US$333.2m (₹1533 crores), and elected to base its team in Kochi.[4] The two new franchises were sold for a combined sum greater than the combined purchase price of the original eight franchises.[5]
References edit
- ^ "Indian Premier League | IPLT20 Two new franchises revealed". Iplt20.com. Archived from the original on 25 July 2011. Retrieved 23 November 2010.
- ^ "Rendezvous Sports World threatens to sue Modi - Rediff.com Sports". Cricket.rediff.com. 13 April 2010. Retrieved 23 November 2010.
- ^ "Sahara Pune Warriors' IPL contract terminated by BCCI". Dnaindia.com. 26 October 2013. Retrieved 20 October 2019.
- ^ "Pune and Kochi to join 2011 IPL". BBC. 21 March 2010. Retrieved 14 March 2021.
- ^ Pune, Kochi named new IPL teams, Times of India
External links edit
- Who is Rendezvous Sports World Limited
- Who owns Rendezvous Sports World - IPL Kochi Franchise
- Tharoor inspired Rendezvous Sports to bid for Kochi
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