The Teams

The Indian Premier League (IPL) (also known as the "DLF Indian Premier League"), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI) and sanctioned by the International Cricket Council. The first edition of the Indian Premier League starts on 18 April 2008. Its tagline is "8 teams,without any players,only warriors " "IPL MANORANJAN KA BAAP" (King of entertainment)"Cricket ka Karamyuddh"

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.
Mumbai Indians
Mukesh Ambani and Reliance Industries Limited
$111.9 million
Bangalore Royal Challengers
Dr. Vijay Mallya and UB group
$111.6 million
Deccan Chargers
Deccan Chronicle.
$107 million
Chennai Super Kings
India Cements and N Srinivasan
$91 million
Delhi DareDevils
GMR Holdings
$84 million
Kings XI Punjab
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