Indian Badminton League Auction

Indian Badminton League is a franchise league proposed by Badminton Association of India (BAI). The inaugural edition of the IBL will take place from 14 August to 31 August 2013 in India, which will have Indian as well as foreign players. The player’s auction for the first IBL was held in Delhi on 22 July 2013. The league has 6 franchises.

Team Name	City	Owner(s)
Hyderabad HotShots	Hyderabad	PVP Ventures
Banga Beats	Bangalore	BOP Group
Lucknow Warriors	Lucknow	Sahara
Mumbai Masters	Mumbai	Gavaskar, Nagarjuna, Chamundeshwarnath
Pune Pistons	Pune	Dabur India Limited
Delhi Smashers	Delhi	Krrish Group

Lee Chong Wei:

Lee Chong Wei, the No.1 badminton player in the world was bagged by Mumbai Masters for $ 135000 which is equivalent to Rs. 8,019,032 approximately. During IBL auction, this Malaysian icon got the franchises really excited, triggering a bidding war between Mumbai Masters and the Delhi Smashers.

Saina Nehwal:

Saina Nehwal, Indian badminton's leading champion, was picked by Hyderabad franchise, Hyderabad Hotshots for $ 120000. Since Hyderabad is the home town of this 23-year-old Olympic bronze medalist, her presence would give the franchise a huge boost. Her base price was set as $ 50,000.

Parupalli Kashyap:

Parupalli Kashyap, Commonwealth Games bronze-medalist was bought by Banga Beats for $ 75,000 (Rs4,455,622 approx). He also reached the quarter-finals of the Olympics at London last year.

Juliane Schnek:

World No.4 Juliane Schnek, the 30-year old German player was bought by the Delhi Smashers for $ 90000. Her base price was set at $ 50000.

PV Sindhu:

The Rising star, PV Sindhu was lapped by Lucknow Warriors for $ 80,000 (Rs4,752,664 approx). He has been hailed as one of the brightest stars of Indian badminton.

Tinh Minh Nyugen:

Tinh Minh Nyugen, Vietnamese player was bought by the Pune Pistons for a price of $ 44000. During auction, there was a bidding battle of sorts between Pune Pistons and Delhi Smashers.

Jwala Gutta:

The energetic doubles sensational star Jwala Gutta was bought by Delhi Smashers at $ 31,000 (Rs1,841,699). Jwala's base price was $ 25,000 (Rs1,485,241). Initially her base price was set as $ 50,000 but later reduced to half.

Tine Baun:

Tine Baun was sold at base price.  She is the oldest player to win the All-England Championship earlier this year.  Mumbai Masters bought Tine Baun at the base price of $ 30,000.

Taufiq Hidayat and Carsten Morgensen were sold at base price. Hyderabad Hotshots bought Hidayat at the base price of $15,000 and Banga Beats bought Carsten Morgensen of Denmark at his base price of $ 50000.

Malaysia's Boon Heung Jan was bought for $ 50,000, double the base price. V. Diju was bought by Delhi Smashers for $ 30,000. The doubles' specialist Joachim Fischer Nielsen was bought for $ 35,000 by Pune Pistons.

Manu Attriby was bought by Mumbai Masters for $ 10,000. Akshay Dewalkar was bought by Banga Beats for $ 36,000 and Tarun Kona by Hyderabad Hotshots for $ 28,000.