IPL TEAM LOGO
India Cements Limited (ICL), franchisee of the Chennai Indian Premier League (IPL) team, unveiled the logo for the team today and named the team as "Chennai Super Kings: Fearless Entertainers who will play to win".
The function held in Chennai witnessed the presence of veteran Indian cricketers like Sivaramakrishnan, W. V Raman and Chandrasekar.
During the function, former Indian captain Krishnamachary Srikkanth was named as the brand ambassador of the team.
Speaking on the occasion, Srikkanth said, "I am very happy that ICL had taken over Chennai Super Kings team. It's a great feeling to be a brand ambassador. Chennai have knowledgeable cricketers and so Super Kings will be a lovely team."
The owner of the team reiterated faith in his team's caliber to deliver the best.
"We want a solid team. We have been in cricket running teams for the last 40 years and we have won local championships many times so we have experience and will get a good blend," said N. Srinivasan, Vice Chairman and Managing Director, ICL.
Over 80 international cricketers are expected to feature in a player "auction" in Mumbai on Wednesday with each franchise allowed a cap of 5 million dollars.
The eight franchises, who spent over 718 million dollars to get the team rights, will be present at the auction.
They are Mumbai team (Mukesh Ambani), Bangalore (Vijay Mallya), Kolkata (Shah Rukh Khan), Chandigarh (Preity Zinta), Jaipur (Emerging Media), Hyderabad (Deccan Chronicle), Chennai (India Cements) and Delhi (GMR Group).
While each team will be allowed to register a maximum of eight foreign players, only four will be able to play in the XI.
In the tournament, based on Twenty20 matches, 59 matches will be played in 44 days starting April 18. (ANI)
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Stocks extended gains Wednesday in line with Asian peers. Strong gains in high-beta sectors like capital goods and metals led the up move.
Bombay Stock Exchange’s Sensex was at 13979, higher by 125 points while National Stock Exchange’s Nifty rose 78 points to 4052.45.
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