In a historic turn of events at the Indian Premier League (IPL) 2025 mega auction held in Jeddah, Saudi Arabia, Rishabh Pant emerged as the most expensive player in IPL history. The dynamic wicketkeeper-batter was snapped up by Lucknow Super Giants for a staggering $3.2 million (INR 27 crore), marking a new era for both Pant and the franchise.

The auction's first day also saw Shreyas Iyer fetching a hefty price, as Punjab Kings secured his services for $3.18 million (INR 26.75 crore). Both Pant and Iyer are poised to lead their respective teams in the financially lucrative and highly competitive world of domestic T20 cricket. The IPL 2025 season is set to commence on March 14, with the finale scheduled for May 25, promising an exciting cricketing spectacle.

In a strategic move, Delhi Capitals acquired former Lucknow captain Lokesh Rahul for $1.67 million (INR 14 crore), potentially positioning him as their new leader. Meanwhile, Venkatesh Iyer's transfer to Kolkata Knight Riders for $2.83 million (INR 23.75 crore) after intense bidding against his former team and Royal Challengers Bengaluru was one of the auction's highlights.

Gujarat Titans made significant acquisitions, securing England captain Jos Buttler for $1.88 million (INR 15.75 crore) after Rajasthan Royals failed to retain him. Buttler is expected to form a formidable opening partnership with Shubman Gill. Additionally, the Titans bolstered their bowling attack with the signing of South African speedster Kagiso Rabada for $1.28 million (INR 10.75 crore).

In a surprising turn, Australian pacer Mitchell Starc was picked up by Delhi Capitals for $1.40 million (INR 11.75 crore), a notable decrease from the previous year's record bid of $2.98 million by Kolkata. This shift reflects the evolving strategies and budget considerations of IPL franchises.

As the auction progressed, the market dynamics and player valuations underscored the depth of talent available and the tactical maneuvers by franchises aiming to build championship-winning teams. With new captains at the helm, Lucknow Super Giants and Punjab Kings are set to redefine their IPL journeys, enhancing the league's allure and competitive spirit.