Sun Nov 24 22:54:35 UTC 2024: ## Punjab Kings Secure Shreyas Iyer for Record-Breaking ₹26.75 Crore at IPL Mega Auction
**Dubai, UAE** – The IPL 2025 mega auction witnessed a record-breaking bid for Shreyas Iyer, snatched up by the Punjab Kings for a staggering ₹26.75 crore. This marks the highest amount ever paid for a player in IPL history. The auction, held in Dubai, saw intense competition between franchises for top talent.
Punjab Kings, entering the auction with a significant war chest and several Right to Match (RTM) cards, aggressively pursued key players. They successfully retained Arshdeep Singh using their RTM after Royal Challengers Bangalore bid ₹18 crore.
The bidding war for Shreyas Iyer, the former Kolkata Knight Riders captain who led them to victory last season, was particularly fierce, with Kolkata, Delhi, and Punjab vying for his services. Punjab ultimately secured Iyer’s signature with their record-breaking bid.
However, the record didn’t last long. Rishabh Pant was subsequently acquired by Lucknow Super Giants for ₹27 crore, surpassing Iyer’s price and setting a new IPL auction record. The auction continues with further exciting developments expected.
First Piper 