The IPL 2025 mega auction witnessed history as Shreyas Iyer became the most expensive player ever in IPL history. With a base price of ₹2 crore, Iyer, the former Kolkata Knight Riders (KKR) captain, sparked a bidding frenzy among teams looking for a leader.

KKR initiated the bidding for their former skipper, soon joined by Punjab Kings. The battle intensified as Punjab temporarily withdrew, allowing Delhi Capitals to compete with KKR. Eventually, KKR exited the race, setting up a showdown between Punjab Kings and Delhi Capitals. Both franchises, in desperate need of a captain, fiercely vied for the Indian star.

The bidding escalated to unprecedented heights, eventually concluding at ₹26.75 crore, with Punjab Kings emerging victorious. This price shattered the previous record held by Mitchell Starc, who was the most expensive IPL player in the last auction at ₹24.75 crore.

Iyer, renowned for his leadership skills and consistent batting performances, now holds the title of the highest-paid Indian batter and the highest-paid player in IPL auction history. Punjab Kings’ acquisition of Iyer is a bold move as they aim to revamp their team and secure leadership for the upcoming season.