The Clubs or Franchises

This season of IPL will witness 8 clubs or franchises. The total base price for auction was US$400 million, the auction fetched US$723.59 million on 24 January 2008.
The official list of franchise owners announced and the winning bids were as follows :

1) Mumbai Indians owned by Mukesh Ambani and Reliance Industries Limited
was bid for $111.9 million.
2) Bangalore Royal Challengers owned by Dr. Vijay Mallya and UB group
was bid for $111.6 million.
3) Hyderabad Deccan Chargers owned by Deccan Chronicle
was bid for $107 million.
4) Chennai Super Kings owned by India Cements and N Srinivasan
was bid for $91 million.
5) Delhi DareDevils owned by GMR Holdings
was bid for $84 million.
6) Kings XI Punjab owned by Preity Zinta, Ness Wadia, Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) was bid for $76 million.
7) Kolkata Knight Riders owned by Shah Rukh Khan, Juhi Chawla Mehta and Jai Mehta
was bid for $75.09 million.
8) Rajasthan Royals owned by Emerging Media: (Manoj Badale, Lachlan Murdoch, Suresh Chellaram) was bid for $67 million.