Friday, Oct 31, 2014

IPL 7 auction: Vijay Mallya protests over Yuvraj Singh auction

Vijay Mallya addressing the press during the IPL 7 auction (PTI) Vijay Mallya addressing the press during the IPL 7 auction (PTI)
Express News Service | Bangalore | Posted: February 13, 2014 9:52 am | Updated: February 13, 2014 1:23 pm

Royal Challengers Bangalore co-owner Vijay Mallya has filed an official protest over the auction of Yuvraj Singh. Three franchises KXIP, KKR and RCB were bidding for Yuvraj. KXIP got left behind but RCB and KKR continued bidding. At Rs 10 crore, it was announced that Yuvraj has been sold to RCB. However, KKR officials said they had their paddle up and that the auctioneer hadn’t noticed. The auctioneer Richard Madley said his view was blocked by other officials and the auction was re-started and later RCB shelled out Rs 14 Cr, four crore more than the initial bid. “We have lodged an official protest, we have written to the IPL Governing Council… Virat Kohli, our captain, was very keen on him. That extra Rs 4 crores was somewhat unfortunate, but the auctioneer has the sole discretion,” Mallya said later.

Knightriders shoot themselves in foot

This was the first time that the Right to Match card was introduced in auctions and KKR, in attempting to retain Jacques Kallis, bungled it. Instead of staying away from the auction for the player and matching the final bid (which was what DD did with Kevin Pietersen, for example), the franchise was actively involved in the bidding for the player, along with CSK. Kallis’ base price was Rs 2 crore and after an initial round of bidding, CSK seemed to have made the final bid, to the tune of Rs 2.8 crore. Here, KKR entered the auction again, raising Kallis’ price to Rs 5.5 crore, before using their buy back option, essentially overpaying by a stupendous Rs 2.7 crore. They realised their mistake later on and stayed out of the bidding for Yusuf Pathan (Rs 3.25 Cr) before moving in with their retainer card, but the damage was already done.

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