IPL Auction 2021: Here’s the full list of all teams with available slots and remaining purse

coastaldigest.com news network
February 17, 2021

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The IPL 2021 auction will be held in Chennai on Thursday (Feb 18, 2021) and a total of 292 players will go under the hammer. There are some big international and Indian names in the list and it will be interesting to see how the teams react when some of the big names, released by the franchisees, are called out.

Kings XI Punjab, who will now be called as Punjab Kings, have the biggest purse and will rejig the line-up again. RCB too went for the jugular despite a play-offs finish last season.

CSK too will be looking to make some big buys to start afresh. Here is a look at how the 8 franchises are placed in terms of purse and slots left.

Available purse and team strengths of the team ahead of IPL 2021 mini auction

Chennai Super Kings (CSK)
Number of players: 18
Number of Overseas players: 7
Total money spent: ₹62.10 cr
Salary cap available: ₹22.90 cr
Available slot: 7
Overseas slot: 1

Delhi Capitals (DC)
Number of players: 19
Number of Overseas players: 6
Total money spent: ₹72.0982 cr
Salary cap available: ₹12.9018 cr
Available slot: 6
Overseas slot: 2

Punjab Kings
Number of players: 16
Number of Overseas players: 3
Total money spent: ₹31.80 cr
Salary cap available: ₹53.20 cr
Available slot: 9
Overseas slot: 5

Kolkata Knight Riders (KKR)
Number of players: 17
Number of Overseas players: 6
Total money spent: ₹74.25 cr
Salary cap available: ₹10.75 cr
Available slot: 8
Overseas slot: 2

Mumbai Indians (MI)
Number of players: 18
Number of Overseas players: 4
Total money spent: ₹69.65 cr
Salary cap available: ₹15.35 cr
Available slot: 8
Overseas slot: 2

Rajasthan Royals (RR)
Number of players: 17
Number of Overseas players: 5
Total money spent: ₹50.12 cr
Salary cap available: ₹34.85 cr
Available slot: 8
Overseas slot: 3

Royal Challengers Bangalore (RCB)
Number of players: 12
Number of Overseas players: 4
Total money spent: ₹49.10 cr
Salary cap available: ₹35.90 cr
Available slot: 13
Overseas slot: 4

Sunrisers Hyderabad (SRH)
Number of players: 22
Number of Overseas players: 7
Total money spent: ₹74.25 cr
Salary cap available: ₹10.75 cr
Available slot: 3
Overseas slot: 1

How Kings XI Punjab became Punjab Kings

Kings XI Punjab were on Wednesday renamed as Punjab Kings ahead of the 2021 IPL auction on Thursday in Chennai. A new logo was also unveiled on Wednesday. 

Speaking about the new brand identity, team CEO Satish Menon said: "Punjab Kings is a more evolved brand name, and we understand it was a right time for us to move focus on the core brand itself." 

"The change in brand identity is not about changing our brand ethos but celebrating our one-ness as we stand in unity like a family. The new logo honors the liveliness and vibrancy of the brand and provides modern elements, while we stand out from the rest of the teams."

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News Network
November 11,2024

Udupi, Nov 11: A traveller reportedly lost ₹4.1 lakh after attempting to book a cab online in Udupi. 

At around 1:30 PM on November 7, the man from West Bengal searched for car rentals on Google and selected a website named "Shakti Car Rentals." Shortly after, he was contacted by someone claiming to be "Rohit Sharma," who directed him to pay a registration fee of ₹150 on the site.

After unsuccessful payment attempts via both his Canara Bank debit card and SBI credit card (without receiving an OTP), "Rohit Sharma" instructed him to pay the driver directly. But at 1:47 PM, he received messages showing deductions of ₹3.3 lakh from his SBI credit card and ₹80,056 from his Canara Bank debit card, totaling ₹4.1 lakh.

The complainant alleges fraud through a deceptive link disguised as a booking token fee. A case has been registered at Udupi Town Police Station.

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News Network
November 21,2024

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Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 19,2024

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