Got someone who can do captaincy job: Ricky Ponting on Shreyas Iyer

Jeddah: Punjab Kings head coach Ricky Ponting on Sunday rated Shyreas Iyer, whom they have bought for Rs 26.75 crore in the mega auction, as the ideal choice to lead the team in IPL 2025 as the Indian batter has the experience of guiding Kolkata Knight Riders to the title earlier this year.

Iyer's Rs 26.75 crore bid briefly made him the most expensive IPL player in history before his India teammate Rishabh Pant set a new benchmark with a staggering Rs 27 crore deal with Lucknow Super Giants.

"I've worked with him in the past in Delhi (Capitals); he's been a successful captain in the IPL before," said Ponting in a mid-auction press meet.

"Obviously, he's a championship-winning captain from last season. We've got someone there who can do the job if that's the way we decide to go," he said.

The Aussie World Cup-winning captain also highlighted Iyer's stellar unbeaten 130 for Mumbai in the Syed Mushtaq Ali Trophy on Saturday.

"I'm delighted to have him back and work with him. He also got a good 57-ball 130 not out in the Syed Mushtaq Ali Trophy yesterday. If he can do that for us in the IPL, I think we all will be happy," added Ponting.

Having purchased the Indian trio of Iyer, left-arm quick Arshdeep Singh and veteran leg-spinner Yuzvendra Chahal from the auction room, Ponting said they have "hit their targets".

"The thing with the auction is that you just have to be flexible and move with the way the auction goes. We had some targets coming in and hit those three targets so far."

Pant slightly over budget: Goenka

Delhi used RTM card for the flamboyant keeper Pant at Rs 20.75, but LSG owner Sanjiv Goenka signed "seven crore" to seal the bid at Rs 27 crore.

Goenka however said they "slightly" overpaid for Pant.

"This was part of our plan, he was on our list. We had kept about Rs 26-crore for him. So, 27 was slightly up but we're happy to have him.

"He's an outstanding player, a team-man, a match-winner. All our fans should be very, very happy to have him as a member of LSG." Asked how they arrived at the magic figure, Goenka's son Saswat said: "Like Ricky was saying, what happens at the auction table happens at the auction table, no matter how much you planned for it. Things don’t work out that way.

"It wasn’t really a magic number; it was just what we felt at that moment would have been the right number for us to ensure that the RTM doesn’t get exercised," he added.