Kings XI Punjab is on the verge of sale

Published: Wednesday, April 14, 2010, 14:52 [IST]
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Kings XI Punjab is on the verge of sale

Mumbai: Table laggards of the IPL 3rd edition is again in the news as Kings XI Punjab is on the verge of sale

Kings XI Punjab is all set to be put on sale after the end of the third season of the Indian Premier League, according to sources

The team is being valued at over 200 million dollars (Rs 1000 crore) and talks are already on with a consortium of buyers. Co-promoters Bollywood actress Preity Zinta, Bombay Dyeing's Ness Wadia, Dabur's Mohit Burman and Apeejay Surendra Group's Karan Paul are planning to exit together.

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Yuvraj Singh was not interested in continuing with the team after this edition, according to reports. The move was being linked to him being dumped as captain. And now it seems the three co-owners of the team are all set to take the exit route as well.

However, Preity Zinta has rubbished the news on the sale of Kings XI Punjab on Twitter.

"How many times d news has 2 be WRONG about r stake sale! First Hero honda & now Videocon! Speaks a lot for d quality of news in d country," she posted.

Actors Saif Ali Khan and Kareena Kapoor along with Dhoot and Chordia had formed a consortium to bid for the Pune franchise at the IPL 4 auction but were unsuccessful.

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