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The Indian Premier League (IPL) is a professional league for Twenty20 cricket competition in India. It was initiated by the Board of Control for Cricket in India (BCCI) headquartered in Mumbai supervised by former Chairman and Commissioner of the Indian Premier League Lalit Modi. It is currently contested by 10 teams consisting of players from around the world. It was started after an altercation between the BCCI and the Indian Cricket League.

Fig. 1.1 IPL Logo

IPL was started to crush ICL. BCCI used its clout to get ICC ban players taking part in ICL. ICL had players from different countries. It was unfair to ban players taking part in ICL. IPL got franchisees and sponsors. Players were auctioned. ICL suffered loss and disappeared. Media gave good coverage to IPL. The telecast of matches was in the evening or at night. The matches provided entertainment and an alternative for movies and TV serials. People were fed up of K serials and they watched IPL. In 2010, IPL became the first sporting event ever to be broadcast live on YouTube. Its brand value was estimated to be around $4.13 billion the same year. According to global sports salaries review, IPL is the second highest-paid league, based on first-team salaries on a pro rata basis, second only to the NBA. It is estimated that the average salary of an IPL player over a year would be $3.84 million. The brand value of Chennai Super Kings (winner IPL 2010, finalist IPL 2008 and semi-finalist IPL 2009) is estimated at USD 48.4 Million.

1.1 First season
The inaugural season of the tournament started on 18 April 2008 and lasted for 46 days with 59 matches scheduled, out of which 58 took place and 1 was washed out due to rain. The final was played in DY Patil Stadium, Nerul, Navi Mumbai. Every team played each other both at home

the bid around the Kochi franchisee turned controversial resulting in the resignation of minister.2 Second season The 2009 season coincided with the general elections in India. it was confirmed that Kochi will take part in the fourth season of IPL. 66 players were on offer but only 11 players were sold. In this season. 1. Shashi Tharoor from the Central Government and investigations by various departments of the Government of India into the financial dealings of IPL and the other existing franchisees. the venue was shifted to South Africa. Rajasthan Royals defeated Chennai Super Kings in a last ball thriller and emerged as the inaugural IPL champions. On 5 December 2010. but came out as eventual winners defeating the Royal Challengers Bangalore in the final. However. Chennai Super Kings defeated Deccan Chargers in the second semi-final.4 Fourth season (Controversies) On 21 March 2010. Four teams qualified for the semi-finals. Lalit Modi was also removed from IPL chairmanship by BCCI. The new bases for the champions this season were Nagpur. The format of the tournament remained same as the inaugural one. Later.were big underdogs. The top four ranking sides progressed to the knockout stage of semi-finals followed by a final. it was announced in Chennai that two new teams from Pune and Kochi will be added to the IPL for the fourth season. Deccan Chargers did not play at their preferred home location of Hyderabad. Owing to concerns regarding players' security. Navi Mumbai and Cuttack. Deccan Chargers. The first semi-final was won by Mumbai Indians who defeated Bangalore Royal Challengers by 35 runs. After the win Macrina Fernandes multi billionaire from Vasai gifted Mahendra Singh Dhoni a BMW as a token of appreciation 1. . The final was played between Chennai Super Kings and Mumbai Indians. 1.3 Third season The third season opened in January 2010 with the auction for players. Chennai Super Kings won by a margin of 22 runs. India due to the ongoing political crisis in the Telangana region . who finished last in the first season.and away in a round robin system.

the round-robin stage of the tournament was to have been replaced by a group stage with two groups of five. the Rajasthan Royals and Kings XI Punjab had their franchises terminated for breaching ownership rules. In October 2010. The second franchise auction fetched total $703 million. limiting the number of matches to 74. But this format was replaced by another one in which each team would play 5 other teams in a two-way round robin format and there would be 2 teams against whom they would play only at home and remaining 2 teams against which they would play only away matches. The new Kochi franchise was also issued a warning to resolve all their ownership disputes.59 million. On 21 March 2010.The addition of teams representing Pune and Kochi was to have increased the number of franchises from 8 to 10. Instead. While Pune was bought by Sahara Adventure Sports Group for $370 million. which would increase the number of matches from 60 to 94.3 million. Two months later both teams were finally allowed to take part in the 2011 edition after a court ruling 1. Team City Inception Owner(s) Captain Head coach Robin Singh Ray Jennings Mumbai Indians Mumbai Royal Challengers 2008 Mukesh Ambani (Owners of Sachin Reliance Industries) Vijay Mallya (UB Group) Tendulkar Daniel Vettori Bangalore 2008 . The base price was $225 million. The BCCI originally considered extending the tournament format used in previous season to ten teams.Thus each team plays 14 matches.Top four teams would qualify for the semi-finals. the Kochi franchise was bought by Rendezvous Sports World Limited for $333. the auction fetched US $723. Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. While the total base price for auction was US $400 million.5 Franchises The winning bidders for the eight franchises were announced on 24 January 2008. The process was to have been completed on March 7 but was postponed by two weeks after many bidders and the BCCI objected to stiff financial clauses.

GM Rao) Ness Wadia. Shane Warne Yuvraj Singh Mahela Shane Warne Geoff Marsh Geoff Raj Kundra . Shilpa Shetty.Bangalore Deccan Chargers Hyderabad 2008 Chennai Kings Super T.Manoj Badale Pune India Kochi Kerala Tuskers Warriors Pune 2011 Subrato Roy Sahara Kochi 2011 Rendezvous Sports World Jayawardene Lawson Table 1. Preity Zinta. Kings XI Punjab Mohali 2008 Dabur.1 IPL Franchises . Apeejay Surendera Group Kolkata Riders Knight Red Chillies Entertainment Kolkata 2008 (Shah Rukh Khan) Adam Gilchrist Michael Bevan Gautam Gambhir Dav Whatmore Emerging Media (Lachlan Rajasthan Royals Jaipur 2008 Murdoch).Venkatram Reddy Kumar Darren (Deccan Chronicle) group India (N.Srinivasan) GMR Group Sangakkara Lehmann Stephen Chennai 2008 Cements Mahendra Singh Dhoni Fleming Virender Sehwag Greg Shipperd Delhi Daredevils New Delhi 2008 (Mr.

 Minimum of 8 local players must be included in each squad.2 IPL Franchises 1. In the annual auction.6 Rules There are five ways that a franchise can acquire a player.Fig. through trading and buying replacements. Some of the Team composition rules are:   Minimum squad strength of 16 players plus one physio and a coach. If the new contract is worth more than the older one then the difference will be shared between the player and the franchise selling the player. In the trading window the player can only be traded with his consent. signing uncapped players. The franchise will have to pay the difference between the old contract price and the new contract price. 1. . No more than 10 foreign players in the squad and at least 4 foreign players should be there in each squad. buying domestic players.

30 seconds time limit. but is necessary to take it from 6th to 9th and 16th to 18th over. Under-22 players are to be remunerated with a minimum annual salary of US $20. Some of the differences to international Twenty20 cricket:  A difference to international cricket is a timeout. The most expensive players in the IPL to date is Gautam Gambhir of India fetched the highest price of $2. However. Each team is awarded two timeouts per innings totalling to four timeouts for the whole game. hence there is no time limit for teams to complete their innings. The total spending cap for a franchisee in the first player auction was US $5 million.000. there may be a penalty if the umpires find teams misusing this privilege at their own choice.  IPL is also known for having commercials during the game.4 million from Kolkata Knight Riders at the auction for season 4 .000 while for others it is US $50. It gives the players an opportunity to strategise and take a drink during the strict 2 minutes. A minimum of 2 players from the BCCI under-22 pool in each squad. The teams can take the timeout when instructed.