VVS Laxman has been appointed captain of Team Hyderabad and the outfit will be

coached by Robin Singh who presently is also the fielding coach of the Indian cricket
team. There is no Icon Player for the team. The Hyderabad franchise is owned by Deccan
Chronicle. The media group obtained the franchise for $107 million on January 24, 2008.
Group M shortly picked a 20% stake. The Chargers were amongst the most aggressive
bidders during the first player auction. The franchise added a lot of fiery power in batting
by attaining some notorious big hitters like Adam Gilchrist, Andrew Symonds, Shahid
Afridi, Scott Styris and Herschelle Gibbs. In totaling to all these players, the franchise
also includes the Indian test player VVS Laxman, who is a Hyderabad local. They are
also utilizing the services of well-known pacers RP Singh, Nuwan Zoysa and Chaminda
Vaas. It's been declared by the franchise that Laxman will captain the side during the
tournament.

VVS Laxman was supposed to be the Icon Player for the Hyderabad, but this meant that
the players mentioned above could not be bought as Icon Players earn 15% more than the
highest earner in the team. However, VVS Laxman renounced his Icon Player Status, and
instead of earning $1 million like other Icon players he earns $375,000, which allowed
the team to buy the big names and still remain under the salary cap. The team appears
strong on all fronts and will hopefully provide riveting action throughout the tournament.