Wright had joined the Deccan Chargers management after the first season of the IPL but was dismissed in January 2009.
He began legal proceedings against its parent company, Deccan Chronicle Holdings, in February 2009.
During the hearing, Wright had argued that the franchise had breached his contract, which contained a severance clause of 10 million pounds.
Deccan Charges had challenged the jurisdiction of the English courts, but the court decided in Wright's favour.
In his ruling delivered yesterday, Judge Seymour ordered Deccan Chargers and Deccan Chronicle Holdings to pay Wright 10,533,478 pounds due under his contract.
The Judge also ordered Chargers and Deccan Chronicle Holdings to pay Wright's legal costs on an indemnity basis.
Chargers had accused Wright of absconding and had claimed he was "avoiding India for fear of being questioned by immigration officials/local police".
Wright rejected the allegations, calling them "without any foundation whatsoever".