Rishabh Pant sets IPL auction record at $3.2 million as bidding frenzy continues

Rishabh Pant became the most expensive player in Indian Premier League (IPL) history, selling for $3.2 million at the auction in Jeddah. This surpasses the previous record of $3.17 million set by Shreyas Iyer earlier in the day. A total of 577 players were available, with significant bids for other stars like Venkatesh Iyer and Arshdeep Singh, who fetched $2.81 million and $2.13 million, respectively. The auction featured intense competition among teams for top talent. The IPL continues to expand its global reach, with this year's auction held abroad for the second consecutive year. The tournament has generated billions in revenue since its start in 2008, significantly boosting Indian cricket's financial standing.