Kalanidhi Maran’s Sun TV Network won the bid for the IPL Hyderabad franchise

Chennai-based Sun TV Network acquired the Indian Premier League (IPL) Hyderabad franchise Thursday for a whopping Rs 85.05 crore per year, it was announced in Chennai today. The franchise has reportedly been acquired for the next five seasons, which makes the total winning bid Rs 425.25 crore. Click here to read more