On January 24,2008 the following eight franchises won the bids and this bidding made the Board Of Cricket Control In India richer by US$723.59 million.The CEO Sunder Raman and commissioner Lalit Modi are said to be the master mind behind all this concept.
| Franchise | Owner(s) | Price (USD) |
| Bangalore Royal Challengers | Dr. Vijay Mallya / UB group | $111.6 million |
| Chennai Super Kings | India Cements / N Srinivasan | $91 million |
| Delhi Dare Devils | GMR Holdings | $84 million |
| Hyderabad | Deccan Chronicle | $107 million |
| Jaipur Rajasthan Royals | Emerging Media :(Manoj Badale, Lachlan Murdoch, Suresh Chellaram) |
$67 million |
| Kolkata | Shah Rukh Khan,Juhi Chawla Mehta and Jay Mehta | $75.09 million |
| Mohali | Preity Zinta, Ness Wadia , Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) |
$76 million |
| Mumbai | Mukesh Ambani/ Reliance Industries Limited | $111.9 million |
