IPL vice-president Niranjan Shah told IANS that Salman is a serious buyer and will bid for one of the two new teams.

'Salman is a serious buyer and is contemplating to buy an IPL team. He came along with couple of his friends and was briefed by Lalit on the procedure to buy IPL franchise,' said Shah.

Shah went on to add that cities like Ahmedabad, Nagpur and Vishakhaptanam are in fray to be the hometown for new teams.

'It will be an open tender process and the city that gets the highest bidder will be the new IPL team,' he said.

Bollywood stars like Shah Rukh Khan and Juhi Chawla are the co-owners of Kolkata Knight Riders while Preity Zinta is also a joint owner of Kings XI Punjab. Shilpa Shetty and her boyfriend Raj Kundra also bought some stakes in Rajasthan Royals.