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In July 2024, the IPL Governing Council announced that a mega auction would be conducted ahead of the 2025 season after a meeting with the owners of the franchises. It was the sixth mega auction of the IPL. The auction was held on 24 and 25 November 2024 in Jeddah, Saudi Arabia. A total of 1,574 players registered for the auction, of which 574 ...
Punjab Kings entered the Mega Auction with ₹ 110.5 crore (US$13 million), the highest purse in IPL history. [34] During the auction, the record for the most expensive player, which was previously held by Mitchell Starc ₹ 24.75 crore (US$2.9 million), was broken twice.
Punjab Kings entered the IPL 2025 Mega Auction with a purse of INR 109.5 crore, setting the highest-ever purse in IPL history for any team. [5] During the auction, the record for the most expensive player in IPL history was broken twice.
The team name was changed to Punjab Kings in February 2021. In 2025 IPL auction, the franchise made the then highest-ever bid for a player in the IPL, paying ₹ 26.75 crore (US$3.1 million) for Shreyas Iyer. [1]
IPL player auction is also a topic for scientific research, for example for building models for the prediction of the selection of a player based on his or her past. [12] From an auction theory perspective, the auction format used by IPL is the English ascending bid auction with physically present bidders. [13]
The 2025 season will be the 18th appearance for the Kolkata Knight Riders in the Indian Premier League. They are one of the ten teams competing this year and will enter as the defending champions after defeating the Sunrisers Hyderabad by 8 wickets in the previous edition 's final , ending a 10-year trophy drought.
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The auction purse for each franchise was set at ₹ 120 crore (US$14 million), and the franchises were deducted a specific amount from the auction purse for every retained player. [14] CSK had a purse of ₹ 55 crore (US$6.4 million) before the auction after mandatory deductions against the retained players. [15]