Videocon Eager to Buy Kings Xii Punjab

Videocon are reportedly interested in buying the Mohali IPL team with the promoters setting an asking price of $ 300 million.

The franchise, currently co-owned by Dabur's Mohit Burman, Apeejay Surendra's Karan Paul, Bombay Dyeing's Ness Wadia and actress Preity Zinta, is languishing at the bottom of table in this year's IPL and is virtually out of a race for the semi-finals.

Sources indicated the final price is likely to rest around $280 million.
Reports suggest Videocon's chairman Venugopal Dhoot is eager to buy 'a minority stake in an existing team.'
Dhoot revealed to a Indian English daily that negotiations are already underway with the franchise: "We are negotiating the price."

The current owners bought the Mohali team in 2008 for $ 76 million (Rs 350 crore). However, Burman denied any plans to sell.

Mumbai Indians Easily Knocked Down By kings xi Punjab

Mohali skipper Kumar Sangakkara hailed his side's six-wicket victory over table-toppers the Mumbai in their Indian Premier League clash.

Mohali's captain hit a commanding half-century under pressure to chase Mumbai's total of 154. Mahela Jayawardene (31 off 18 balls) and Adrian Barath (33 off 27 balls) also chipped in as the basement side stunned Mumbai.

Sangakkara, who was named man of the match for his 56 off 42 balls, said: "Finally we won at home and we are very happy. The boys stuck to the basics and won the game for us. We knew 154 was a gettable total."
He was full of praise for his bowlers, who managed to restrict Mumbai to an average total. Piyush Chawla and Irfan Pathan claimed three wickets apiece while Love Ablish snared two.
Sangakkara added: "The bowlers did not give extra runs, which is very important in the Twenty20 format. Pathan and Ablish bowled well. Chawla did well to claim Sachin Tendulkar's wicket."

Mumbai skipper Tendulkar lamented his side's inability to put enough runs on the board to win the match.

"There were no partnerships and that is where we lacked," he said.

"We were about 20 to 30 runs short, 170-180 would have been a good total as the ball was not coming on to the bat."

But the Mumbai skipper is confident of going back to winning ways after being humbled by Punjab.

He said: "We have a long way to go and we need to play to our potential. We have good players and they will do well."