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	<title>IPL News &#187; indian businessman</title>
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		<title>Mumbai Indians Franchise</title>
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		<pubDate>Sat, 22 Mar 2008 08:52:49 +0000</pubDate>
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		<description><![CDATA[Reliance Industries Limited through its subsidiary Reliance Retail Ltd purchased the rights for the Mumbai franchise of Indian Premier league for a total of $111.9 million during the auction on January 24, 2008. The RIL bid has made the Mumbai Indians the most expensive franchise in IPL Background RELIANCE is India&#8217;s largest private sector company [...]]]></description>
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		<title>Bangalore Royal Challengers Franchise</title>
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		<pubDate>Sat, 22 Mar 2008 08:52:47 +0000</pubDate>
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		<description><![CDATA[The team Bangalore Royal Challengers of Indian Premier League is owned by the liquor magnate Vijay Mallya, the chairman of UB Group. Charu Sharma is the CEO of the team and Rahul Dravid is the Icon Player. Martin Crowe, the former New Zealand captain, has also been signed-in as a member of the management team. [...]]]></description>
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