IPL 8 auction on February 16

NEW DELHI: The auction for the eighth edition of Indian Premier League (IPL) will be held on February 16 in Bangalore, where some of the world's leading cricketers will converge to go under the hammer.

The auction will be conducted by Richard Madley, a professional auctioneer from England, who has conducted each of the previous IPL player auctions.

"The 2015 Pepsi IPL Player Auction will mark the beginning of the countdown to the eighth season of one of the most popular sporting events on the planet. The auction promises to be eventful," Ranjib Biswal, chairman, IPL Governing Council, said today.

He added: "The franchises have returned to the drawing board, reworked plans and devised new strategies, over the previous few months. They will have the opportunity to bid for some of the biggest names in the game."

The proceedings will be telecast live on the Sony SIX HD and Sony SIX channels. It will also be streamed live on www.iplt20.com.

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