Rajasthan Royals were bought for the lowest price among all eight original franchises in the 2008 IPL auction, yet won the inaugural title. Approximately how much was their winning bid?

Answer Explanation

Manoj Badale's Emerging Media consortium won the Jaipur-based franchise for approximately $67 million, the cheapest of the eight inaugural 2008 bids, yet Rajasthan Royals went on to win the first IPL title.