The magnitude of the Indian Premier League was confirmed when the winning bidders for the eight franchises were announced on January 24, 2008. While the total base price for auction was US$400 million, The auction fetched US$723.59 million.
The official list of franchise
Franchise
Owner
Price
Bangalore
Vijay Mallya / UB group
USD 111.6 million
Chennai
India Cements
USD 91 million
Delhi
GMR group
USD 84 million
Hyderabad
Deccan Chronicle
USD 107 million
Jaipur
Emerging Media
USD 67 million
Kolkatta
Shah Rukh Khan's Red Chillies Entertainment in partenship with Juhi Chawla and Jay Mehta
USD 75.09 million
Mohali
Preity Zinta, Ness Wadia(Bombay Dyeing), Karan Paul ](Apeejay Surendera Group) and Dabur's Mohit Burman
