Anil Ambani, IPL ‘mystery’ bidder?

An insider who attended the two-day meeting of the Indian Premier League (IPL) franchisees in Mumbai on Thursday and Friday, said that “one of the losing bidders” was willing to offer $130 million (almost Rs 520 crore) in a behind-the-scenes attempt to buy out one of the teams.

IPL chairman and commissioner Lalit Modi confirmed the development to Hindustan Times, “but I am not going to say anything further”.

Mukesh Ambani had bought the Mumbai franchise for $111.9 million, while Vijay Mallya bought the Bangalore one for $111.6 million. A BCCI official said Anil Ambani seemed the "likely bidder". Modi reportedly told franchisees that Anil would be "willing to sign the cheque tomorrow” if any one of them was interested, the IPL source said.