Pant sets record as most expensive player in IPL auction in Jeddah

Rishabh Pant set a new record as the most expensive player in Indian Premier League history, sold for $3.2 million during the auction in Jeddah. Shreyas Iyer was also acquired for 267.5 million rupees ($3.17 million), breaking the previous record. The auction featured 577 players, with notable signings including Arshdeep Singh for $2.13 million and Jos Buttler for $1.87 million. The event aims to expand the IPL's global reach, following previous auctions held in Dubai. The IPL has significantly boosted the Indian economy, generating over $11 billion annually. The Board of Control for Cricket in India has sought to enhance the tournament's profile by hosting the auction abroad.