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.
On 21 March 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise was bought by Rendezvous Sports World Limited for $333.3 million. The process was to have been completed on 7 March but was postponed by two weeks after many bidders and the BCCI objected to stiff financial clauses. The second franchise auction fetched total $703 million.
Team Name | City | Owner(s) | Captain | Head Coach |
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Mumbai Indians | Mumbai | Mukesh Ambani Reliance Industries | Harbhajan Singh | Robin Singh |
Royal Challengers Bangalore | Bangalore | Vijay Mallya UB Group | Daniel Vettori | Ray Jennings |
Deccan Chargers | Hyderabad | T Venkattram Reddy Deccan Chronicle Group | Kumar Sangakkara | Darren Lehmann |
Chennai Super Kings | Chennai | Gurunath Meiyappan India Cements | Mahendra Singh Dhoni | Stephen Fleming |
Delhi Daredevils | New Delhi | GMR Group | Virender Sehwag | Eric Simons |
Kings XI Punjab | Chandigarh | Ness Wadia, Preity Zinta, Dabur, Apeejay Surendera Group | Adam Gilchrist | Adam Gilchrist |
Kolkata Knight Riders | Kolkata | Shahrukh Khan Red Chillies Entertainment Juhi Chawla, Jay Mehta | Gautam Gambhir | Trevor Bayliss |
Rajasthan Royals | Jaipur | Lachlan Murdoch Emerging Media Shilpa Shetty, Raj Kundra | Rahul Dravid | Minoti Desai |
Pune Warriors India | Pune | Subrato Roy Sahara | Sourav Ganguly | Dermot Reeve |
Kochi Tuskers Kerala (Defunct) | Kochi | Kochi Cricket Private Ltd |