Chennai Super Kings, a franchise team owned by N. Srinivasan’s India Cements, set the ball rolling by giving a $1.5 million start to the BCCI-promoted Indian Premier League Twenty20 championship auction of the Indian and overseas players here on Wednesday.
The cement major from South India made the highest bid for Mahendra Singh Dhoni, India’s new poster boy and captain of the ODI team and the ICC World Twenty20 winning Indian squad.
Dhoni’s price turned out to be the biggest single bid. Though accorded the icon status with a reserve price of $400,000, Dhoni did not belong to any of the eight regions and hence was put up for auction.
Hyderabad, owned by Deccan Chronicle, also displayed smart business sense by picking up some key players. It took a giant step by successfully bidding for Australian all-rounder Andrew Symonds for $1.35 million, only the second player to cross the one-million mark individually.
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