The IPL is based on a franchise structure.....
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 owners announced and the winning bids were as follows.
|Mukesh Ambani and Reliance Industries Limited||$111.9 million|
Bangalore Royal Challengers
|Dr. Vijay Mallya and UB group||$111.6 million|
|Deccan Chronicle||$107 million|
Chennai Super Kings
|India Cements and N Srinivasan||$91 million|
|GMR Holdings||$84 million|
|Preity Zinta, Ness Wadia, Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur)||$76 million|
Kolkata Knight Riders
|Shah Rukh Khan, Juhi Chawla Mehta and Jai Mehta||$75.09 million|
|Rajasthan Royals||Emerging Media: (Manoj Badale, Lachlan Murdoch, Suresh Chellaram)||$67 million|