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IPL Teams

The Indian Premier league will be one of the biggest and the first of its kind event. Totally 8 teams will compete in the tournament which will be beginning on the 18th of April. The IPL is promoted by the BCCI and the auction for the eight teams was conducted on 24th January 2008. Many of the leading business magnets competed in the 723.59 million dollar auction and these are the teams and their owners. Some of the teams are led by Icon players while some other players were picked up on auctions. Players from many cricket playing nations will be playing in the Indian Premier league. The maximum bid amount was for the Mumbai team and it was bagged by Mukesh Ambani (Reliance Group). Here are the details of the other teams.

MUMBAI INDIANS

Owner: Mukesh Ambani
Captain: Sachin Tendulkar
Bid Amount : $111.9 million

BANGALORE ROYAL CHALLENGERS

Owner: Vijay Mallaya (UB Group)
Captain: Rahul Dravid
Bid Amount: $111.6 million

DECCAN CHARGERS

Owner: Deccan Chronicle
Captain: VVS Laxman
Bid Amount: $107 million

CHENNAI SUPER KINGS

Owner: India Cements
Captain: MS Dhoni
Bid Amount: $91 million

DELHI DAREDEVILS

Owner: GMR Holdings
Captain: Virender Sehwag
Bid Amount: $84 million

KINGS XI PUNJAB

Owner: Ness Wadia, Preity Zinta
Captain: Yuvraj Singh
Bid Amount: $76 million

KOLKATA KNIGHT RIDERS

Owner: Shah Rukh Khan
Captain: Sourav Ganguly
Bid Amount: $75.09 million

Rajasthan Royals

Owner: Emerging Media
Captain: Shane Warne
Bid Amount: $75 million