The league is scheduled to start in April 2008 and will last for 44 days, involving 59 matches. The prize money for the league will be around Rs 13 crore (US $3million).
Each team will have a pool of 16 players, with a maximum of eight foreign players and a minimum of four under-22 players. Additionally, at least four players must be from the catchment area where the team is based.
Although it is going to be a franchise system, some foreign players have already been contracted by the BCCI to play in the IPL.
Each team will play the other 7 teams home and away, the top four teams at the end of the group stages will go through to the semi finals.
Television Rights Edit
On January 14th, 2008, it was announced that a consortium consisting of India's Sony Television network and Singapore-based World Sports Group secured the rights of the Indian Premier League. The record deal has a duration of ten years at a cost of US$1.026 billion. As part of the deal, the consortium will pay the BCCI US$918 million for the telecast rights and US$108 million for the promotion of the tournament.
The BCCI announced that the bulk of the proceeds from this deal would initially go to the IPL franchises themselves, gradually reducing this amount over the life of the contract.
Network Ten has bought the rights to show every game live in Australia on free-to-air television for the next five years at a cost of AU$10 - $15 million.
Title Sponsorship Rights Edit
Indian real estate developer DLF Universal secured exclusive rights to the Indian Premier League title sponsorship worth INR 200 crore (over US$50 million) for five years.
The magnitude of the Indian Premier League was confirmed when the winning bidders for the eight franchises were announced on January 24, 2008. While the total base price for auction was US$400 million, the auction fetched US$723.59 million. The official list of franchise owners announced and the winning bids were as follows.
|Vijay Mallya / UB group||$111.6 million|
|India Cements / N Srinivasan||$91 million|
|GMR group||$84 million|
|Deccan Chronicle||$107 million|
|Emerging Media (Manoj Badale, Lachlan Murdoch, Suresh Chellaram and investors)||$67 million|
|Shah Rukh Khan's Red Chillies Entertainment in partnership with Juhi Chawla Mehta and Jay Mehta||$75.09 million|
Kings XI Punjab
|Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendera Group) and Dabur's Mohit Burman||$76 million|
|Mukesh Ambani's Reliance Industries Limited||
The official list of Players bids were as follows.
The players' auction was held on February 20. The IPL placed icon status on few marquee Indian players such as Rahul Dravid, Saurav Ganguly, Sachin Tendulkar,Yuvraj Singh and lastly Virender Sehwag. This ensures that these players will play only for their respective city sides--a strategy used to increase fan support and interest amongst locals. Many players from the Australian National Team decided not to submit their names for consideration in the auction. This may have been a direct result of the events of the Sydney Test in the 2007/08 Border Gavaskar Trophy, or Cricket Australia's desire for global protection of their sponsors. No player currently contracted by the England Cricket Board submitted their name, as the tournament directly conflicts with the English National Team's winter schedule. From the 77 players, who had put their names for consideration, Mohammed Yousuf and Ashwell Prince were unsigned.
- Official Indian Premier League Site
- League Cricket Coverage in India - IPL and ICL
- cricket20 Coverage of the IPL
- ↑ [http://content-usa.cricinfo.com/ipl/content/current/story/330881.html
- ↑ http://www.theaustralian.news.com.au/story/0,25197,23054747-2722,00.html
- ↑ http://content-aus.cricinfo.com/ipl/content/current/story/335886.html
- ↑ http://cricket.indiatimes.com/The_great_IPL_auction_winners_declared/articleshow/2728239.cms
- ↑ http://content-usa.cricinfo.com/ipl/content/current/story/333193.html
- ↑ Template:Cite web
- ↑ Sydney fallout may affect IPL