Owners	Preity Zinta, Ness Wadia, Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur)
Home Ground	Punjab Cricket Association Stadium
Franchise fee	$76 million
Most expensive player	Yuvraj Singh - $1,063,750

Kings XI Punjab is a sports franchise based in Mohali in the eight team Indian Premier League. Kings XI Punjab have an aura of glamour and verve around them thanks to owners Preity Zinta and Ness Wadia. They boast the services of the flamboyant Yuvraj Singh and dependable Sangakkara; the destructive Irfan Pathan and experienced Jayawardene. So when the first edition of the IPL kicked off, the team from India's lion-hearted state were looked on with awe and admiration. But the side could not progress beyond the semi-final stage.

In 2009, the spectacular South African setting did little to embellish the team's chances - they bowed out before the semis, depleted by the absence of Brett Lee and Sreesanth at various stages. Left-arm paceman Yusuf Abdulla was one of the finds of the tournament and he has been retained for the third edition. Luke Pomersbach and Nuwan Kulasekara were bought our ahead of the 2010 auction while they picked former India batsman Mohammed Kaif who is expected to recreate the magic with Yuvraj Singh in the Punjab side under new captain Kumar Sangakkara.

The owners of the franchise include Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur). The group paid a total of $76 million to acquire the franchise.