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Sun Risers, the new Hyd IPL team
Updated : Dec 19, 2012
The new name of the Hyderabad team in the sixth edition of the cash rich IPL cricket tournament will be ‘Sun risers’.
It was announced in Chennai yesterday. It is known that the Sun TV Network has bought the IPL team of the Hyderabad after ‘Deccan Chargers’ was terminated by the BCCI earlier this year. About two months ago, Sun TV has got the rights of the team for a period of five years. Its management has spent an amount of Rs. 425.2 crores to take over the team.
However, the amount spent by Deccan Chargers to get the team in 2009 was only $ 107 millions. The new management will release its logo in Hyderabad tomorrow.