Chennai, Aug 02: Eleven teams will be vying for honours in the 25th edition of the IOB Ace Basketball Club All India Prize Money Tournament for Magnolia Trophy to be held here for a week from tomorrow. Addressing a press conference here last night, ace basketball club president M S Venkataraman said Tisco, winner in 1999, central excise -- Kochi, ONGC, Bhilai Steel Plant and AOC Centre, Secunderabad were among the teams participating in the tournament.
The local teams playing the tournament were last year's runners up Indian Bank, inter railway champions ICF, Hindustan Basketball Club, Customs RC, State Bank of India and Southern Railway.
The reigning champions, Indian Overseas Bank had decided not to field a team this year as four of their star players were unavailable as they were with the Indian team. The winning team would get Rs 25,000 and Rs 15,000 for the runner up. Bureau Report