Videocon still looking for opportunity to get IPL franchise

An unsuccessful bid to acquire IPL’s Pune franchise has not apparently dampened the Videocon group chairman V N Dhoot’s enthusiasm to be part of money-rich tourney, as he is still looking for opportunities to get an IPL outfit.

Videocon is likely to either buy out an existing team or throw its hat in the ring for the next season, company’s chairman Venugopal Dhoot said here while launching Videocon’s mobile services in Gujarat.

“We are in manufacturing of TV sets, entertainment and related businesses, so it makes sound business sense to us to get into cricket,” Dhoot told reporters.

Dhoot added that his group is expected to explore the possibility of buying out an existing team after the current IPL season gets over on April 25.

“We will surely be in reckoning for IPL 4,” he said. He denied any sort of pressure from Gujarat Chief Minister Narendra Modi or IPL commissioner Lalit Modi to withdraw in favour of Kochi franchise.

“I was bidding for the Pune team. There was no interaction with either of them during or after the bid,” Dhoot added.

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