Franchises.

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:

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 Dare Devils	GMR Holdings	$84 million
Hyderabad	Deccan Chronicle	$107 million
Jaipur	Emerging Media :(Manoj Badale,	$67 million
	Lachlan Murdoch, Suresh Chellaram)
Kolkata	Shah Rukh Khan,Juhi Chawla	$75.09 million
	Mehta and Jay Mehta
Mohali	Preity Zinta, Ness Wadia ,	$76 million
	Karan Paul (Apeejay Surendera
	Group) and Mohit Burman (Dabur)
Mumbai	Mukesh Ambani/ Reliance	$111.9 million
	Industries Limited