KKR buy Mitchell Starc for a record-breaking fee of INR 24.75 crore in IPL 2024 Auction

19 December, 2023

The Indian Premier League (IPL) 2024 Auction, hosted in Dubai on December 19, witnessed unparalleled fervor and groundbreaking transactions, with players fetching historic sums, redefining the league’s financial dynamics.

Australia’s World Cup-winning captain, Pat Cummins, set a monumental record, securing a historic bid of INR 20.50 crore as Sunrisers Hyderabad added the ace to their roster. Follow your favourite cricket team with attractive betting odds from Nextbet.

The bidding war escalated further as Cummins’ teammate, Mitchell Starc, shattered records by clinching an all-time high bid of INR 24.75 crore from Kolkata Knight Riders (KKR), marking his second stint with the franchise after their initial acquisition in 2018 for INR 9.4 crore.

Venky Mysore, KKR Managing Director, reflected on the transformation in IPL’s economic landscape, stating, “The salary cap of a team when IPL started in 2008 was 20 crores. So things have changed… Ultimately, we’re all spending the same amount of money.”

KKR’s pursuit of Starc wasn’t straightforward. Initially, Delhi Capitals expressed interest, escalating the bidding from a base price of INR 2 crore to Mumbai Indians’ INR 8 crore. Amidst a tense battle with Mumbai Indians and Gujarat Titans, KKR finally secured Starc for a staggering sum.

KKR’s involvement in the auction extended beyond Starc. Engaging actively, they pursued talents like Rovman Powell, Chris Woakes, Chetan Sakariya, KS Bharat, and uncapped batter Angkrish Raghuvanshi, shaping a strategic and diversified team composition.

Mysore highlighted the dynamic nature of IPL auctions, stressing the importance of adaptability and strategy. “You win some, you lose some… you just have to be prepared,” he stated, reflecting on their approach and the eventual success in acquiring Starc.

The managing director expressed gratitude for the outcome, acknowledging the twists and turns that eventually led to securing Starc. “Maybe that worked in our favor… we’re just thankful that we were able to have him on our side,” Mysore concluded.

The IPL 2024 Auction showcased not just financial prowess but also the strategic maneuvering and adaptability of franchises, marking a new chapter in the league’s history with monumental signings and record-breaking bids. Get free cricket betting tips from Nextbet Sports.