About IPL

The 2008 Indian Premier League season was the debut season of the Indian Premier League. The BCCI was inspired by the football’s English Premier League and the National Basketball League (NBA) of the US, thus launching the Indian Premier League (IPL).

The IPL is a professional Twenty20 cricket league. The Twenty20 league debuted in April 2008, with eight teams comprising a minimum of 16 players each. The league will last for 44 days and will involve 59 matches.

The auction for the same took place on January 24, 2008 and the total base price for the auction was $400 million. The auction went on to fetch $723.59 million.

The Mumbai franchise owned by Mukesh Ambani’s Reliance Industries Limited (RIL) was the most expensive franchise - fetching $111.9 million closely followed by Vijay Mallya’s United Breweries which paid $111.6 million for the Bangalore franchise .

Media house Deccan Chronicle won the Hyderabad chapter of the IPL for $107 million, while India Cements’ Chennai franchise cost $91 million.

Bollywood also made its presence felt with two of its leading stars bagging the ownership of their respective teams - Shah Rukh Khan and Juhi Chawla’s Red Chillies Entertainment buying out Kolkata for $75.09, while Preity Zinta and her beau Ness Wadia bought the Mohali team for $76 million.

GMR , the infrastructure development group which who are involved in a project for revamping the Delhi airport, bagged the ownership of the Delhi team for $84 million and the Emerging Media , consisting of its CEO Fraser Castellino, Manoj Badale and Lachlan Murdoch and other investors won the rights for the Jaipur franczhise for $67 million.

IPL Teams:

1] Bangalore Royal Challengers

2] Kings XI Punjab

3] Chennai Super Kings

4] Kolkata Knight Riders

5] Deccan Chargers

6] Mumbai Indians

7] Delhi Daredevils

8] Rajasthan Royals