Sunrisers Hyderabad replaced Deccan Chargers in 2012 and debuted in 2013. Sun TV Network took over the franchise after
the bankruptcy of Deccan Chronicle. The team was announced on 18 December 2012 in Chennai. The team is owned by Sun TV Network,
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which won a bid of ₹85.05 million (US$11 million) per year for a five-year deal a week after the Chargers ended. Long term
financial issues. Sun TV Network Limited, headquartered in Chennai, is one of the largest television networks in
In September 2007, the Board of Control for Cricket in India (BCCI) announced the establishment of the Indian Premier League,
a Twenty20 competition beginning in 2008. The teams for the competition, representing 8 different cities of India including Bangalore,
were put up for auction in Mumbai on 20 February 2008. The Bangalore franchise was bought by Vijay Mallya,who paid US$111.6 million for it.
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