LIVE | IPL 2025 auction: Rishabh Pant, Shreyas Iyer, Venkatesh Iyer breach Rs 20 crore mark
Lucknow Super Giants splurged Rs 27 crore on Rishabh Pant to make him the most expensive player in IPL history
Hello and welcome to The Federal’s live coverage of the IPL 2025 mega auction in Jeddah, Saudi Arabia.
Also read: Full list of sold players at IPL 2025 auction
As many as 577 players will go under the hammer during the two days of the auction proceedings. The IPL auction is being held in Saudi Arabia for the first time.
Also read: IPL 2025 auction guide
As expected, wicketkeeper-batter Rishabh Pant became the most expensive player in the IPL's history. He was bought by Lucknow Super Giants (LSG) for Rs 27 crore. Shreyas Iyer and Venkatesh Iyer were the other two who fetched bids of Rs 20 crore-plus.
Overall, 72 players were sold and 12 were unsold on the first day of the auction. Rs 467.95 crore was spent and four RTMs (Right To Match) were used.
Follow the IPL 2025 auction's live updates here.
Live Updates
- 24 Nov 2024 3:39 PM IST
Punjab coach Ponting on IPL auction
Punjab Kings’ new head coach Ricky Ponting says that he is ready to make some exciting bids in the IPL 2025 Player Auction. With an aim to build a team that is successful for years to come and an environment that’s both fun and dynamic, the two-time ODI World Cup-winning Australia captain shared some insights into his thought process ahead of the auctions.
Ponting shared that the aim behind retaining only two players is to build a strong core team from scratch that goes on to be one of the most competitive sides in the tournament
While speaking with Star Sports, he said, “I've been lucky to be around a few pretty successful teams. So MI for a few years and then DC, where we had a good run of making the playoffs there. And I liked the look of a few of the younger players in the Punjab Kings lineup. So that was the main attraction really but mainly, it was, to be able to start from scratch pretty much. The aim is to make the franchise one of the powerhouses of the IPL and to make it a really dynamic, fun-loving environment that everyone wants to be a part of.”
While revealing his mindset, Ponting also highlighted the crucial aspects to take care to have a successful auction.
“I think there are three most crucial things with a successful auction. One's definitely making sure you stick to your strategy and not getting off that early on. I think being really calm and clear at the auction table is also a really important thing. And then communication on the day because, you know, you're working with the analysts, you're working with your owners. Communication is vital,” Ponting told the broadcaster.
Punjab Kings have retained opener Prabhsimran Singh and middle order batsman Shashank Singh and with a purse of Rs 110.5 crore, the biggest of all IPL teams, the team will be looking forward to assembling a strong squad at the auction table.
- 24 Nov 2024 3:38 PM IST
Start of auction delayed, was scheduled to begin at 3:30 PM
Stay tuned for updates
- 24 Nov 2024 3:34 PM IST
The auction schedule for 2 days at Abadi Al Johar Arena
All times IST
Sunday, November 24
3:30 pm to 5 pm
5 pm to 5:45 pm – Lunch
5:45 pm to 10:30 pm
Monday, November 25
3:30 pm to 5 pm
5 pm to 5:45 pm – Lunch
5:45 pm to 10:30 pm
