Hardik Pandya’s transfer to the Mumbai Indians has been done smoothly. The 30-year-old all-rounder has officially returned to the organisation, where he won four titles in a notable one-way, all-cash move.
Simultaneously, the Mumbai Indians have strengthened their financial position in order to fund the Pandya acquisition by transferring Cameron Green to Royal Challengers Bangalore in an all-cash deal of INR 17.5 crore, the league value of the Australian all-rounder.
This financial manoeuvre not only expedites the Pandya deal with Gujarat Titans but also puts the five-time champions with significant resources for the forthcoming IPL 2024 auction, which will take place in Dubai on December 19.
The arrangement has been confirmed by all three franchises, namely the Mumbai Indians, Gujarat Titans, and Royal Challengers Bangalore, according to Live Cricket Score. The agreements were signed on Sunday (November 26), the final day for IPL 2024 releases and retentions. There is no third party engaged in the MI-GT transfer, and the same is true for the MI-RCB arrangement.
BCCI and IPL insiders say these cash-only trades have received formal sanction. While the exact pricing of the trade is unknown, it is worth noting that Pandya’s league fee for the year is INR 15 crore.