Franchise fee: $107 million

Captain: Adam Gilchrist

2008 Performance:Eighth

Most expensive player: Andrew Symonds - $1,350,000

The Deccan Chargers of Hyderabad is owned by media house Deccan Chronicle. Local favourite 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 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 team is now led by Adam Gilchrist after VVS Laxman relinquished his charge following a last place finish in the first season of the IPL.

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.

Full squad:

International players: Adam Gilchrist, Andrew Symonds and Ryan Harris (Australia), Dwayne Smith and Fidel Edwards (West Indies), Chamara Silva, Chaminda Vaas and Nuwan Zoysa (Sri Lanka), Herschelle Gibbs (South Africa) and Scott Styris (New Zealand)

Indian players: VVS Laxman, Rohit Sharma, RP Singh, Pragyan Ojha, Venugopal Rao, Dwaraka Ravi Teja, Tirumalatti Suman, Arjun Yadav, Doddapaneni Kalyankrishnan, Abhinav Kumar, Manvinder Bisla, Jaskaran Deep Singh, Harmeet Singh, Sarvesh Kumar, Halhadar Das, Syed Mohammed and Shoaib Ahmed