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.