Pune and Rajkot became the meantime franchises in the Indian Premier League (IPL) till 2017. These teams will take place of the suspended teams of Chennai Super Kings (CSK) and Rajasthan Royals (RR).
Both new interim franchises were picked through the reverse bidding process for which the base price was set at 40 crore rupees.
The bidders were to quote an amount less than that and the lowest bidders were given the franchises.
The two new teams will have a minimum of 40 crore rupees and a maximum of 66 crore rupees to buy their players.