Franchises:

The winning bidders for the eight franchises were announced on 24 January 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-Price (USD)

Mumbai Indians-$111.9 million

Bangalore Royal Challengers-$111.6 million

Hyderabad Deccan Chargers-$107 million

Chennai Super Kings-$91 million

Delhi DareDevils-$84 million

Kings XI Punjab-$76 million

Kolkata Knight Riders-$75.09 million

Rajasthan Royals-$67 million