Franchises
The magnitude of the Indian Premier League was confirmed when the winning bidders for the eight franchises were announced on January 24, 2008.[4] While the total base price for auction was US$400 million, the auction fetched US$723.59 million.[5] The official list of franchise owners announced and the winning bids were as follows.
| Franchise | Owner(s) | Price (USD) |
|---|---|---|
| Bangalore Royal Challengers | Dr. Vijay Mallya / UB group | $111.6 million |
| Chennai Super Kings | India Cements / N Srinivasan | $91 million |
| Delhi DareDevils | GMR Holdings | $84 million |
| Hyderabad | Deccan Chronicle | $107 million |
| Jaipur | Emerging Media :(Manoj Badale, Lachlan Murdoch, Suresh Chellaram) | $67 million |
| Kolkata | Shah Rukh Khan,Juhi Chawla Mehta and Jay Mehta | $75.09 million |
| Mohali | Preity Zinta, Ness Wadia , Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) | $76 million |
| Mumbai | Mukesh Ambani/ Reliance Industries Limited | $111.9 million |
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