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Rishabh Pant became the most expensive player in Indian Premier League history when he sold for a record $3.2m (£2.54m) on Sunday, as teams splashed out on world-class players for the lucrative Twenty20 tournament.
A total of 577 players are up for grabs at the two-day auction in Jeddah, with Pant, the England veteran Jimmy Anderson and the New Zealand all-rounder Rachin Ravindra among the top names.
The 2023 record Kolkata paid to Australian Mitchell Starc was first broken by Punjab Kings, who the IPL said snapped up Shreyas Iyer for a “handsome” $3.16m (£2.51m). Iyer, 29, captained Kolkata Knight Riders to their third IPL crown this year. But that record rapidly tumbled. The IPL reported Lucknow Super Giants paid a “gigantic” 270 million rupees for India’s 27-year-old star keeper Pant.
The auction started on a sizzling note when Indian quick Arshdeep Singh’s name began a bidding war, which ended with Punjab getting the left-arm pace bowler for £1.7m. This year, Australian left-arm quick Starc was not retained by Kolkata and went to Delhi Capitals for £1.11m.
Gujarat Titans paid £1.49m for England’s white-ball skipper Jos Buttler, while India pace bowler Mohammed Shami went to Sunrisers Hyderabad for £940,000. Shami, 34, has recovered from a foot injury and is expected to join the Test team in the ongoing series in Australia.
Before bidding began, the Rajasthan Royals coach Rahul Dravid said managers had done the groundwork but bidding on the day meant nothing could be taken for granted. “You can prepare … you have a lot of discussions around the players and the tactics that you might employ,” Dravid said. “But being realistic, you have to be able to think on your feet a little bit.”
The Punjab Kings coach Ricky Ponting, the former Australia skipper, said there was “huge excitement” but keeping cool during the bidding was critical. “I think being really really calm, and really clear, at the auction table is a really important thing,” he said.
The IPL has generated billions in revenue since its inception in 2008, turning the Board of Control for Cricket in India (BCCI) into one of the richest governing bodies in sport. In June 2022 it sold the broadcast rights for five IPL seasons to global media giants for $6.2bn (£4.95m).
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The BCCI has sought to broaden the tournament’s profile by staging the auction abroad. Last year it was held in Dubai, a regular host for international cricket tournaments. Like Saudi Arabia, it has a large base of prospective fans among its migrant worker population.
