Sun TV Network have won the Hyderabad IPL franchise for 85.05 crores per year. The IPL Governing Council met earlier today in Mumbai to open the bids for a new IPL Franchise. This Franchise fee represents a premium of over a 100 % above the amount paid by DCHL for the Hyderabad Franchise in 2008.The SUN TV Network bid was substantially higher than the second bid of PVP Ventures, which was 69.03 crores. The tender notice by the BCCI said all bidding parties will need to fulfill the eligibility criteria and other requirements specified in the Invitation of Tender.