Lalit Modi Reveals Original IPL 2008 Bids: Revisiting Launch Costs for Each Team
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Lalit Modi Reveals Original IPL 2008 Auction Bids, Shows Massive Value Growth
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Storyboard•26-03-2026, 13:41
Lalit Modi Reveals Original IPL 2008 Auction Bids, Shows Massive Value Growth
•Lalit Modi shared original bidding details from the IPL's inaugural franchise auction on January 24, 2008, in Mumbai.
•The eight founding franchises were sold for a combined total of $723.59 million, with a base price of $50 million per team.
•Mumbai Indians was the most expensive at $111.9 million, followed by Royal Challengers Bangalore ($111.6 million) and Deccan Chargers ($107.01 million).
•Rajasthan Royals was the least expensive at $67 million; bids were spread over 10 years, with many teams profitable after year one.
•Modi highlighted the immense value appreciation, noting that IPL franchises are now valued in the billions, a significant jump from their initial multi-million-dollar investments.