A day after terminating cash-strapped Deccan Chargers from the Indian Premier League, the Indian cricket board floated tenders for a new franchise. BCCI has given a list of 12 cities as possible franchisee including Hyderabad.
The 12 cities are Ahmedabad, Cuttack, Dharamsala, Indore, Hyderabad, Kanpur, Kochi, Nagpur, Noida, Rajkot, Ranchi and Vizag.
Sources in the IPL said that the base price for the team will be Rs 60 crore per year.
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