In the 1st IPL season, which team owner had a profit of 4crores?
A
Correct answer
Explanation
In the inaugural 2008 IPL season, Kolkata Knight Riders (KKR) owned by Shah Rukh Khan was the only franchise to report a profit, earning approximately Rs. 4 crores. Most franchises, including eventual winners Rajasthan Royals, operated at losses due to high player auction costs and operational expenses. This profit was notable given the massive spending in the first auction.