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Kings XI Punjab
http://www.kingsxipunjab.com/

Lion-hearted, spirited, passionate, hospitable, entertaining and brave - these are the words that the Kings XI Punjab team use to describe themselves. The team has made its mission clear “To be the most successful and entertaining franchise in the league”. With Bollywood’s Preity Zinta, and renowned industrialists Ness Wadia, Mohit Burman and Karan Paul behind this venture, the franchise has managed to come up with an impressive list of cricketers.

Batting stalwarts Mahela Jayawardena, Kumar Sangakkara and Ramnaresh Sarwan will be expected to deliver alongside smiling assassin Brett Lee, break-dancing S. Sreesanth and Irfan Pathan who will spearhead the bowling attack. Tom Moody is designated as the coach, while local favourite Yuvaj Singh is the captain of the starry squad.

Mission:
To be the most successful and entertaining franchise in the league.

Vision:
To promote cricket in the region by providing global explsure to local talent, and attracting new audiences for the sport through innovative presentation.

Owner: Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendra Group) and Mohit Burman (Dabur)
Franchise fee: $76 million
Most expensive player: Yuvraj Singh - $1,063,750

Mumbai Indians

Team Mumbai exemplifies the essence of its home city. The land of a myriad dreams is a melting pot and Mumbai Indians does its best to showcase the same. This franchise is the most expensive in the league and has a fantastic side headed by none other than the Master Blaster Sachin Tendulkar who is also its Icon Player.

Harbhajan Singh, Robin Uthappa, Sanath Jayasuriya, Shaun Pollock, Lasith Malinga, Dilhara Fernando, Loots Bosman alongside young talent from Mumbai Abhishek Nayar, Ajinkya Rahane, Pinal Shah and Yogesh Takawade make up the Mumbai squad balancing youth and experience. Mukesh Ambani’s Reliance Industries Limited owns the team and one can surely look forward to some scintillating performances from the Mumbai Indians.

Owner: Reliance Industries Ltd
Franchise fee: $111.9 million
Most expensive player: Sachin Tendulkar - $1,121,250

Delhi Daredevils
http://www.delhidaredevils.com/

The Delhi Daredevils will be led by Icon Player Virender Sehwag - the Nawab of Najafgarh who recently scored the fastest triple hundred in Test cricket. The team boasts of solid batsmen like AB de Villiers, Gautam Gambhir and Shoaib Malik, and bowlers led by the likes of Glenn McGrath, Daniel Vettori and Mohammad Asif.

The team is owned by the GMR Group and its home ground is the Feroz Shah Kotla stadium at Delhi. Greg Shipperd will don the mantle of the coach while Bollywood star Akshay Kumar is the brand ambassador of the Daredevils. Watch out for this team as they proclaim that they are going to play their cricket with unabashed enthusiasm and well on the front foot.

Owner: GMR Holdings
Franchise fee: $84 million
Most expensive player: Virender Sehwag - $833,750

Royal Challengers
http://www.royalchallengers.com/

Business tycoon Dr. Vijay Mallya owns the Bangalore Royal Challengers, named after one of Mallya’s top brands. The team from the Garden City will be led by one of its favourite sons Rahul Dravid who is also its Icon Player. A formidable line-up, the squad has great talent with the likes of Indian Test cricket captain Anil Kumble along with Praveen Kumar and Zaheer Khan, West Indian Shivnarine Chanderpaul, South Africa’s Jacques Kallis, Mark Boucher and Dale Steyn, Aussies Nathan Bracken and Cameron White. Youth will be represented by the U-19 Cricket World Cup winning captain Virat Kohli, Shreevats Goswami and Arun Kumar among others.

Charu Sharma is designated as the CEO of the team while former Kiwi captain Martin Crowe has also been roped in to be part of the team management. Former India fast bowler Venkatesh Prasad has been sought to coach the team. Red and golden yellow are the team colours. The Royal Challengers will be expected to shine in the IPL with their talent, determination and buoyancy.

Owner: UB Group
Franchise fee: $111.6 million
Most expensive player: Rahul Dravid - $1,035,000

Chennai Super Kings
http://www.chennaisuperkings.com/

The Chennai Super Kings created history of sorts when they outbid competitors to have Mahendra Singh Dhoni in their ranks. The highest paid star of the league will also fulfill skipper duties for the team. Owned by India Cements, the franchise has added star value in former cricketer Kris Srikkanth and South Indian actors Vijay and Nayantar appointed as brand ambassadors. The MA Chidambaram Stadium will be the home ground.

Coached by former South African cricketer Kepler Wessels, the team makes up for the absence of an Icon Player by having stalwarts like Matthew Hayden, Stephen Fleming, Michael Hussey, Jacob Oram, Makhaya Ntini and Muttiah Muralidharan lending their participation to the Super Kings. The team’s name was chosen as a tribute to the rulers of the golden era of Tamil culture

Owner: India Cements
Franchise fee: $91 million
Most expensive player: Mahendra Singh Dhoni - $1.5 million

Deccan Chargers
http://www.deccanchargers.com/

The Deccan Chargers of Hyderabad is owned by media house Deccan Chronicle. Local favourite and captain of the team VVS Laxman gave up the chance to be Icon Player to help his team have more to bid with. The gesture did pay off and the Chargers added the likes of Adam Gilchrist, Andrew Symonds, Scott Styris, Herschelle Gibbs and Shahid Afridi to its roster. RP Singh, Chaminda Vaas and Nuwan Zoysa were also the pick of the bowlers. Exciting young prospects like Rohit Sharma, Venugopal Rao, Arjun Yadav and Sarveesh Kumar are also part of the squad.

The Deccan Chargers mascot represents a charging bull signifying strength, power and aggression while the red and gold bands on the flag stand for dominance and victory. Former Indian player Robin Singh will don the coach’s role and the squad will look to live up to their tag of being “The Unstoppables”.

Owner: Deccan Chronicle and M Group
Franchise fee: $107 million
Most expensive player: Andrew Symonds - $1,350,000

Kolkata Knight Riders
http://www.kolkataknightriders.com/

The Eden Gardens will be home to the Kolkata Knight Riders. The star-studded squad comprises of some of the biggest names in world cricket. Aussie skipper Ricky Ponting, Chris Gayle of the West Indies, Brendon McCullum of New Zealand and rising Indian star Ishant Sharma are on this envious roster. Sourav Ganguly, the Prince of Kolkata, has been accorded Icon Player status and will lead the side.

Owned by the Badshah of Bollywood Shah Rukh Khan, the franchise has left no stone unturned while spending on the team’s promotion. The mission and vision statements of the team clearly signify the power and confidence this side will exude. After all, they are the King’s men!

Owner: Shahrukh Khan, Juhi Chawla, Jai Mehta
Franchise fee: $75.09 million
Most expensive player: Sourav Ganguly - $1,092,500

Rajasthan Royals
http://www.rajasthanroyals.com/

The Pink City of Jaipur is represented by the Rajasthan Royals. At first glance, this team will appear as the underdog. But beware, it is the only team to have a player who will also coach the team. And it is none other than the spin wizard from Down Under - Shane Warne. Warne is also the only non-Indian cricketer to lead a side in the IPL.

The team may not have an Icon Player but it manages a roll call of some of the finest talent in cricket. India’s Mohammad Kaif and Munaf Patel will rub shoulders with the likes of Graeme Smith, Justin Langer and Younus Khan. Owned by the Emerging Media Group, the Royals will also field many of India’s young guns. The team logo has a lion citing the power of the Royals and the war horn which denotes a war cry. The team will reflect Rajput values of courage and valour.

Owner: Emerging Media Group
Franchise fee: $67 million
Most expensive player: Mohammad Kaif - $675,000