Salman Khan interested in buying IPL team

New Delhi:

Bollywood star Salman Khan wants to own a cricket team. The actor has met IPL chairman Lalit Modi in Mumbai to understand the bidding process.

According to reports Bollywood star Ajay Devgun also wants to buy new IPL team.

Two new IPL teams are to be introduced in 2011. Early reports say Khan is interested in bidding for the Nagpur or Kochi team.

"He was interested to know what it takes to own a team, what's the process, when it will be initiated and what's the timeline for it. I think he is a serious buyer," Modi said.

Last year, the average bid was 150 million dollars per team, so Salman will need a serious amount of cash.

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Modi also disclosed that he had a long list of celebrities interested in buying a team in the IPL.

Bidding for the new teams will take place in January. The big IPL players will also be back on the market next year.

Shah Rukh Khan, Juhi Chawla, Shilpa Shetty and Preity Zinta are the other star owners of IPL teams.

IPL is set to introduce two new teams in the 2011 season and the franchise may "cost over USD 200-300 million".

Shah Rukh Khan owns Kolkata Knight Riders, a team that has been at the bottom of the table in both the IPL seasons. The team is co-owned by Juhi Chawla.

Shilpa Shetty took over as co-owner of the Rajasthan Royals in the second season. Preity Zinta was seen cheering her team Kings XI Punjab through both the seasons.