IPL 2023: Cost of all 10 teams in the tournament

The victory of the Indian team at the 2007 T20 World Cup provided wings to the Indian Premier League. The instant success of the tournament was due to the idea of having players from different teams playing together and matches being highly competitive. The interest of owners of all the teams also played a key role in giving a kickstart to the tournament.

In January 2008, a total of eight multinational conglomerates took part in the auction bidding process. The base price was set up at $50 Million (379 crores). After the end of the auction, the most expensive team turned out to be Mumbai Indians.

In the 2022 edition, the two new teams, Lucknow Super Giants and Gujarat Titans, have been added to the roster, which proved to be quite expensive for the owners, due to the brand value and popularity of the Indian Premier League.

Here is the cost of each IPL franchise in the 2023 edition: 

10. Sunrisers Hyderabad – 425 crores

After the dissolving of Deccan Chargers, a Hyderabad-based franchise was bought by SUN Group in 2012. According to the Times of India, the group dished out a total of 425 crores and named it Sunrisers Hyderabad. The team made its debut in the 2013 edition of the Indian Premier League.

The SUN Group is owned by Kalanithi Maran, who is one of the richest businessmen in India. The company manages 33 TV channels, available in six different languages. They have exposure in FM Radio stations, magazines and newspapers as well.

The Sunrisers Hyderabad emerged as the winner in the 2016 edition, which is its only title victory to date. The daughter of the owner, Kaviya Maran is the key member of the team management and marks her presence in the auction and stadiums during the matches.