Home >> IPL (Indian Premier League) >> IPL Overview

IPL (Indian Premier League)

     The Indian premier league (IPL) is Twenty 20 cricket competition, which is created by the Board of control for cricket in India (BCCI) and sanctioned by the International cricket council.

     DLF, the Indian real estate developer has secured exclusive rights to the Indian premier league for five years worth INR 200 corer (over US $ 50 millions). The total base price for auction was us $400 million, and the auction fetched US $ 723.59 million. The winning bids with list of franchise are as follows,

IPL (Indian Premier League) Logo
Franchise Owner(s) Price(USD)
 Mumbai Indians  Reliance Industries Limited  $111.9 million
Bangalore Royal Challengers  Vijay Mallya  $111.6 million
 Deccan Chargers  Deccan Chronicle  $107 million
 Chennai Super Kings  India Cement Ltd.  $91 million
 Delhi Daredevils  GMR Holdings  $84 million
 Kings XI Punjab  Ness Wadia, Preity Zinta  $76 million
 Kolkata Knight Riders  Red Chillies  $75.09 million
 Rajasthan Royals  Emerging Media  $67 million

     On 14th January, 2008, a day of an Indian festival called uttarayan. It was announced that Indian’s Sony Television Network and Singapore based World Sport Group secured the rights of the Indian premier league. It is recorded that the deal is made for ten years and it cost us$ 1,026 million.

     The Board of control for cricket in India announced that proceeds of the deal will initially go to IPL franchises and even gradually the amount of the contract will get reduced over the life of the contract.

     At the cost of AU $ 10 - $15 million network ten has bought the rights to show each and every game in Australia live for next five years. Setanta sports have also bought UK rights for 5 years.

     The players auction was hold on their subscription channels. There was a marquee prepared for a few selected Indian players like Rahul Dravid, Saurav Ganguly, Sachin Tendulkar, Uvraj Sing nad virendra sehwag. Thinking that the auction. May have some effect on the Sydney test 2007 / 2008 Border Gavaskar Trophy. Many Australian national tem players have decided not to give their names for the auction No players. Currently contracted by the England cricket board submitted their name, as the tournament directly conflict with the English National Team’s winter schedule. Mohammad yusuf and ashwell prince were the two players who are unsigned from all 77 players.

     The Board of control for cricket in India has announced Twenty 20 tournament in October 2008. And for that premier cricket league will select two teams from India, Competing against Twenty 20 finalist England, Australia and South Africa. The price for these tournament is 2.5 Million pound and from that 1 Million pound will go to the winner.

     The prize money on offer in India, provided by a billionaire Allen Stanford for his own Stanford for his own Stanford Twenty 20 competition in the plan. England and Wales cricket board and their counterparts in Australia welcomed the premier League plan.

     “For county, State and province players, the introduction of the Twenty 20 champion’s competition provider a new and excited pinnacle” said ECB chief executive David Collier.

     “It will provide team with the opportunity to earn the title of the world club champions in format which will be eagerly anticipated by spectators and players alike” Twenty 20 cricket’s development should be managed in such a way that it should engage and excite the public with a compliment for test and one- day international cricket.

     He added: “The Champions Twenty 20 format will be enhance rather s than compromise existing competition around the world.” If the competition is depended in future, India is hoping for other Testing playing countries to enters.

IPL (Indian Premier League) Related News