Tournament name | Indian Premier League |
---|---|
Size | 150px |
Caption | Logo of the Indian Premier League |
Country | India |
Founded | 18 April 2008 |
Headquarter | Mumbai, Maharashtra, India |
Administrator | BCCI |
Commissioner | Chirayu Amin |
Cricket format | Twenty20 |
First | 2008 |
Last | 2010 |
Next | 2011 |
Tournament format | Double round-robin and Knockout |
Participants | 10 |
Champions | |
Most successful | , and (1 title each) |
Qualification | Twenty20 Champions League |
Most runs | Suresh Raina (1375) |
Most wickets | R. P. Singh (51) |
Website | IPLT20.com |
The Indian Premier League (often abbreviated as IPL) is a domestic 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 BCCI Vice President Chirayu Amin, current chairman & commissioner of IPL, and CEO, Sundar Raman. It currently contested by 10 teams (franchises) consisting of players from different countries. It was started after an altercation between the BCCI and the Indian Cricket League.
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 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 and away in a round robin system. The top four ranking sides progressed to the knockout stage of semi-finals followed by a final. Rajasthan Royals defeated Chennai Super Kings in a last ball thriller and emerged as the inaugural IPL champions.
The 2009 season coincided with the general elections in India. Owing to concerns regarding players' security, the venue was shifted to South Africa. The format of the tournament remained same as the inaugural one. Deccan Chargers, who finished last in the first season, came out as eventual winners defeating the Royal Challengers Bangalore in the final.
The third season opened in January 2010 with the auction for players. 66 players were on offer but only 11 players were sold. In this season, Deccan Chargers did not play at their preferred home location of Hyderabad, India due to the ongoing political crisis in the Telangana region . The new bases for the champions this season were Nagpur, Navi Mumbai and Cuttack. Four teams qualified for the semi-finals. The first semi-final was won by Mumbai Indians who defeated Bangalore Royal Challengers by 35 runs. Chennai Super Kings defeated Deccan Chargers in the second semi-final. The final was played between Chennai Super Kings and Mumbai Indians. Chennai Super Kings won by a margin of 22 runs.
On 21 March 2010, it was announced in Chennai that two new teams from Pune and Kochi will be added to the IPL for the fourth season. However, the bid around the Kochi franchisee turned controversial resulting in the resignation of minister, 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. Later, Lalit Modi was also removed from IPL chairmanship by BCCI. On 5 December 2010, it was confirmed that Kochi will take part in the fourth season of IPL.
In October 2010, the Rajasthan Royals and Kings XI Punjab had their franchises terminated for breaching ownership rules. The new Kochi franchise was also issued a warning to resolve all their ownership disputes.
The addition of teams representing Pune and Kochi was to have increased the number of franchises from 8 to 10. The BCCI originally considered extending the tournament format used in previous season to ten teams, which would increase the number of matches from 60 to 94. Instead, the round-robin stage of the tournament was to have been replaced by a group stage with two groups of five, limiting the number of matches to 74.
In December 2010, it was announced that Kings XI Punjab and Rajasthan Royals would take part in the 2011 edition of the IPL per court order.
On 21 March 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise was bought by Rendezvous Sports World Limited for $333.3 million. 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. The second franchise auction fetched total $703 million.
{| class="wikitable sortable" width=98% |- !width="15%"|Franchise !width="7%"|Span !width="25%"|Owner(s) !width="13%"|Captain !width="10%"|Coach !width="5%"|Price |- | Mumbai Indians | 2008 - 2011 | Mukesh Ambani (Owner of Reliance Industries) | Sachin Tendulkar | align=left | Robin Singh | align=left | |- | Royal Challengers Bangalore | 2008 - 2011 | Vijay Mallya (UB Group) | Virat Kohli | align=left | Ray Jennings | align=left| |- | Deccan Chargers | 2008 - 2011 | Deccan Chronicle group | Kumar Sangakkara | align=left| Darren Lehmann | align=left| |- | Chennai Super Kings | 2008 - 2011 | India Cements (N.Srinivasan) | Mahendra Singh Dhoni | align=left | Stephen Fleming | align=left| |- | Delhi Daredevils | 2008 - 2011 | GMR Group | Virender Sehwag | align=left| Greg Shipperd | align=left| |- | Kings XI Punjab | 2008 - 2011 | Ness Wadia, Preity Zinta, Mohit Burman, Dabur, Apeejay Surendera Group | Adam Gilchrist | align=left| Michael Bevan | align=left| |- | Kolkata Knight Riders | 2008 - 2011 | Red Chillies Entertainment | Gautam Gambhir | align=left| Dav Whatmore | align=left| |- | Rajasthan Royals | 2008 - 2011 | Emerging Media (Lachlan Murdoch), Shilpa Shetty, Raj Kundra | Shane Warne | align=left| Shane Warne | align=left| |- | Pune Warriors | 2011 | Sahara | Graeme Smith | align=left| Geoff Marsh | align=left| |- | Kochi | 2011 | Kochi Cricket Private Limited | Mahela Jayawardene | align=left| Geoff Lawson | align=left| |}
Some of the Team composition rules are:
Some of the differences to international Twenty20 cricket:
The total spending cap for a franchisee in the first player auction was US $5 million. Under-22 players are to be remunerated with a minimum annual salary of US $20,000 while for others it is US $50,000. The most expensive players in the IPL to date is Gautam Gambhir of India fetched the highest price of $2.4 million from Kolkata Knight Riders at the auction for season 4
The first players' auctions were held on 2008. The IPL placed icon status on a select few marquee Indian players. These players were Rahul Dravid, Sachin Tendulkar, Saurav Ganguly, Yuvraj Singh, and Virender Sehwag. VVS Laxman initially named an icon player, later voluntarily opted out of his icon status to give his team (Deccan Chargers) more money to bid for players. For the second season, auctions were also held, but free signings taking place in the off-season by franchises led to calls for a draft-like system where the lowest ranked teams would be given a first opportunity to sign players.
20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be distributed in these proportions until 2012, after which the IPL would go public and list its shares (But recently in March 2010, IPL decided not to go public).
Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting rights around the world.
On 4 March 2010 ITV announced it had secured the United Kingdom television rights for the 2010 Indian Premier League. ITV will televise 59 of the 60 IPL matches on its ITV4 free to air channel.
Other five-year sponsorship agreements include a deal with motorcycle maker Hero Honda worth $22.5-million, one with PepsiCo worth $12.5-million, and a deal with beer and airline conglomerate Kingfisher at $26.5-million.
There are disputed figures for the profitability of the teams. One analyst said that four teams out of the eight made a profit in 2009. While the London Times said that all but Kings XI Punjab made a profit.
In 2010, the IPL expects to have 80 official merchandising deals. It has signed a deal with Swiss watchmaker Bandelier to make official watches for the IPL.
According to a recent study by a UK-based brand valuation consultancy, the brand value of the IPL has more than doubled to USD 4.13 billion (over ) from USD 2.01 billion in 2009.
The franchises have been a part of this growth. Chennai Super Kings, who were ranked fourth last year, has emerged the most valued franchise in 2010. The CSK franchise has moved up the ladder to number one with a valuation of USD 48.4 million. The Kolkata Knight Riders co-owned by Bollywood actor Shah Rukh Khan comes in second with a valuation of USD 46 million and the Rajasthan Royals, co-owned by Bollywood actress Shilpa Shetty comes in third with USD 45.2 million. The Royal Challengers Bangalore, owned by Vijay Mallya, is ranked fourth with a valuation of USD 41.9 million and is followed by the Mumbai Indians (USD 40.8 million), Delhi Daredevils (USD 40.5 million) and Kings XI Punjab ( USD 36.1 million). The Deccan Chargers are at the base with a valuation of USD 34.4 million.
Incorporating popular forms of social media into the third season of the IPL, the website now contains a more holistic presence across all online mediums. The website apart from featuring new additions to empower user interaction, has encouraged a wider range of websites around IPL like IPL Tracker and IPL Mag amongst other more traditional reporting websites.
The IPL became a big hit in South Africa due to a large composition of South Asians in their population.Another reason for the success is that the second edition of IPL was hosted at South Africa drawing massive crowds from the country as well as the other countries in the subcontinent.
The IPL did not garner much interest in Australia and New Zealand due to time differences. However, in recent times the IPL has gained a much larger fan-base among mainly South East Asian students in these two countries although due to the introduction of Australian and New Zealand players the viewer ship amongst the general public is slowly increasing.
The third season of IPL saw interest rise dramatically in the United Kingdom. This was, in part, due to TV coverage switching to free to view channel ITV4. Previous editions of IPL were aired on the now defunct channel Setanta (pay to view channel), which entered administration in 2009. James Macleod stated, "We are delighted with the viewing figures for the IPL so far. The ratings for ITV4s coverage have been around seven or eight times those achieved by Setanta last year, and we're delighted to be bringing the competition to a wider audience". Lalit Modi, former Chairman and Commissioner of IPL, also expressed immense satisfaction on the way IPL has been accepted by the British audience. "ITV beats Sky Sports over the weekend in number of viewers. This is great going. The ITV numbers are double that of rugby league. This is huge by all imaginations. UK figures for viewership on ITV already 10 times that of last year. This is just fantastic news," he said.
Category:Indian domestic cricket competitions Category:Professional sports leagues Category:2007 establishments Category:Sports leagues Category:Twenty20 cricket leagues
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