India, March 26 -- The creator of the Indian Premier League (IPL) and its first chairman, Lalit Modi, launched a scathing attack on Sanjiv Goenka after the Lucknow Super Giants (LSG) owner appeared to downplay his role in the league's meteoric rise in valuation.

The remarks came in the wake of blockbuster deals involving two IPL franchises, Rajasthan Royals and Royal Challengers Bengaluru, both of which fetched billion-dollar valuations in recent acquisitions.

A consortium comprising Aditya Birla Group, Blackstone, Times of India Group and Bolt Ventures acquired RCB for $1.78 billion after a weeks-long bidding war. Meanwhile, Rajasthan Royals was bought by a US-based Kal Somani-led consortium for USD 1.63 billion (approx Rs.15,290 crore...