"Shah Rukh Khan has bid for a franchise," the official said.
According to the official, England-based Lord Swaraj Paul is also in the fray. "There are a lot of prominent businessmen and personalities among the 90 bidders we have received so far," he said.
While the franchisees will also bid for the players, some 'iconic' stars like Tendulkar, Rahul Dravid and Sourav Ganguly will play only for home teams.
The other prominent bidders are business tycoon Vijay Mallya, Anil Ambani and Hollywood actor Russel Crowe, a cousin of former New Zealand cricket captain Martin Crowe.
The floor price for the bidders has been fixed at $50 million.
IANS
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