The team representing Mohali in the Indian Premier League is called IPL Mohali and has been bought by Preity Zinta, Ness Wadia from the Bombay Dyeing group, Karan Paul from Apeejay Surendera Group and Mohit Burman from the Dabur Group. All these partners paid a total of US$76 million for the franchisee of the team for the next ten years.

The team has the local boy Yuvraj Singh as the Icon player and the captain of the team as well. The side will be coached by Tom Moody and has the Punjab Cricket Association Ground as their home ground.

This team has many promising players to its credit. Speedsters and batsmen alike are a part of the team. In addition to Yuvraj, the team has Irfan Pathan who is the highest paid player with a tag of US$ 925,000 followed by Brett Lee who was bought at the cost of US$ 900,000. Mahela Jayawardene, Kumar Sangakkara, Sreesanth, Piyush Chawla, Ramesh Powar, Ramnaresh Sarwan, Simon Katich and VRV Singh seem a promise that there is going to be a lot of action when the team of IPL Mohali comes out to compete with  other teams in the Indian Premier League.

Sl No.	Player	Category	Cost-US$	Country
01	Yuvraj Singh	Batsman (C)	$1,063,750	India
02	Mahela Jayawardene	Batsman	$475,000	Sri Lanka
03	Shaun Marsh	Batsman	$	Australia
04	Luke Pomersbach	Batsman	$	Australia
05	Simon Katich	Batsman	$200,000	Australia
06	Karan Goel	Batsman	$	India
07	Sunny Sohal	Batsman	$	India
08	Uday Kaul	Batsman/WK	$	India
09	Irfan Pathan	All Rounder	$925,000	India
10	James Hopes	All Rounder	$	Australia
11	Wilkin Mota	All Rounder	$	India
12	Tanmay Srivastava	All Rounder	$	India
13	Brett Lee	Bowler	$900,000	Australia
14	S. Sreesanth	Bowler	$625,000	India
15	Ramesh Powar	Bowler	$170,000	India
16	V.R.V. Singh	Bowler	$	India
17	Piyush Chawla	Bowler	$400,000	India