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IPL auction: At Rs 1 crore, Yuvraj is a steal, feels Akash Ambani

Yuvraj Singh initially went unsold in the auction and it was only after he re-entered the players' pool, Mumbai Indians bought him

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Yuvraj Singh

Yuvraj Singh

Mumbai Indians paid Rs one crore for Yuvraj Singh in a last-minute buy and franchise owner Akash Ambani called it their biggest steal in the tournament's 11-year-old history. Mumbai Indians also brought back Sri Lankan pacer Lasith Malinga, who served the team for long, at his base price of Rs 2 crore.

"To be honest, we had budgeted a lot more for Yuvraj and Malinga. At Rs one crore, a player like Yuvraj is probably a (biggest) steal of 12 (sic) years. He has won every trophy there is to be won," Ambani told the host broadcaster of the auction. "We focussed on experience a lot as well on the youngsters. We have identified specific roles for both of them (Yuvraj and Malinga)."

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