The Colombo-based Daily Mirror newspaper said the bids came from Indian companies and speculated that the floor price of 3.0 million dollars must have knocked-off any Sri Lankan company from making an offer.
Neighbouring India’s money-spinning Indian Premier League, had set a base price of 50 million dollars for a franchise when the tournament was launched in 2008. It later rose to 225 million dollars when two teams were added in 2010.
India’s Wadhawan Holdings, with interest in hotels and food retail, submitted the highest offer of 5.02 million dollars for the Wayamba team.
Incidentally, Wayamba represented Sri Lanka under the flag Wayamba Elevens during the 2009 and 2010 Champions LeagueT20 tournaments.
Soft drink giant Pepsi’s Sri Lankan bottler