Auction process shows true value for players, says Lalit Modi

January 8th, 2011 - 9:12 pm ICT by IANS  

London, Jan 8 (IANS) Suspended Indian Premier League (IPL) chairman and commissioner Lalit Modi Saturday was far away from Bangalore where the player’s auction for the fourth edition of the league was underway — but he was closely following the drama that saw some cricketers fetching record amounts.”Great start for IPL Season 4. All teams have bought well. It will be a good season 4,” tweeted Modi, who left India citing security reasons following his suspension from the Indian cricket board last year.

“Auction process shows true value for Players. Looks like the Two New Teams will be extremely competitive too. All 10 look good,” he said, on social networking site Twitter.

Modi feels that the 16 unsold players, including Sourav Ganguly, Brian Lara, Chris Gayle and Herschelle Gibbs, can still hope to get a buyer.

“Unsold Players come back at the end for re-bidding so its not over yet. Still another day to go. It’s all based on strategy and price,” he said.

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