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Hero Honda buys Kings XI Punjab IPL team

New Delhi, Feb 10 : Hero Honda Motors Limited, the World’s single largest two-wheeler motorcycle company has reportedly bought Indian Premier League (IPL) team King’s Kings XI Punjab for a staggering sum of 260 million dollars.

This is for the first time that an IPL team has been sold out. Earlier, Bollywood actress Shilpa Shetty had bought a 12 percent stake in the IPL team Rajasthan Royals.

Hero Honda has purchased the team from Kings XI Punjab owners- Ness Wadia, Mohit Burman, Karan Paul and Bollywood actress Preity Zinta.

The third edition of IPL begins from March. The Kings XI Punjab will be led by Sri Lankan captain Kumar Sangakkara. (ANI)

Similar News:

1. IPL bidding: Mohammad Kaif sold to Kings XI Punjab
2. IPL bidding: List of players auctioned for the third edition
3. Hero Group denies acquisition of Kings XI Punjab
4. Kings XI Punjab not sold: Preity, Hero Group
5. Kings XI Punjab denies selling stake to Hero Honda

Posted by Nikita on Feb 10th, 2010 and filed under Sports. You can leave a response by filling following comment form or trackback to this entry from your site

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