Wednesday, August 26, 2009

Salman Khan may star in IPL 2011

Now the popular Bollywood star Salman khan was on a business mission. The actor is interested in buying a team in the Indian Premier League (IPL). Salman met IPL chairman Lalit Modi to discuss about owing an IPL team in 2011.The IPL will be expanded to a 10-team league in 2011. Already there are three bollywood stars own their IPL teams and now Salman will join with them. It may not, however, be easy for Salman to join the elite club. A franchise in 2011 will come with a heavy price tag, much higher than what the IPL owners shelled out in 2008. Initial estimates by the IPL governing council peg the base money at $250 million, over Rs1, 000 crore. That is more than double the price paid for the costliest franchise in the current IPL set-up -- Mumbai Indians was bought by Mukesh Ambani for $111 million. Shah Rukh is paying a mere $76 million over 10 years for the Kolkata franchise.

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