The Indian Premier League (IPL) is a professional Twenty20 cricket league in India contested annually by franchise teams representing Indian cities. The league, founded by the Board of Control for Cricket in India (BCCI) in 2008, is scheduled over April and May of every year.[3] The title sponsor of IPL is Vivo Electronics, thus the league is officially known as the Vivo Indian Premier League.
In 2010, the IPL was broadcast live on YouTube. The brand value of IPL was estimated to be US$2.2 billion in 2014.[4] According to BCCI, the 2015 IPL season contributed ₹0.5 billion (US$7.4 million) to the GDP of Indian economy.[5]
Of the 11 teams to have competed since the league's first season, five have won the title at least once. Mumbai Indians, Kolkata Knight Riders and Chennai Super Kings have won twice, while Rajasthan Royals and Deccan Chargers have won once. Mumbai Indians are the current champions having won the 2015 season.[6] Until 2014, the top three teams in the tournament qualified for theChampions League Twenty20. However, the tournament was discontinued in 2015 and has been defunct since.[7]
Contents
[hide]
1History1.1Foundation
1.2Expansions and terminations
2Tournament format
3Teams3.1Current teams
3.2Defunct/Suspended teams
4Tournament results4.1By team
5Tournament and salary rules5.1Salary cap
6Prize money
7Television
8See also
9References
10External links
History[edit]
Foundation[edit]
In 2007, the Indian Cricket League was founded, with funding provided by Zee Entertainment Enterprises.[8] The ICL was not recognized by the Board of Control for Cricket in India (BCCI) or the International Cricket Council (ICC) and that the BCCI were not pleased with committee members joining the ICL executive board.[9] To prevent players from joining the ICL, the BCCI increased the prize money in domestic tournaments and imposed lifetime bans on players joining the ICL, which was considered a rebel league by the board.[10] Businessman and cricket executive, Lalit Modi, was tasked by the BCCI to start a new Twenty20 league that would rival the Indian Cricket League. In early 2008, the BCCI announced the launch of the Indian Premier League, a new franchise based T20 league.[11] The league would be based on the Premier League of England and the NBA in the United States.[11]
In order to decide the owners for the new league, an auction was held on 24 January 2008 with the total base prices of the franchises costing around $400 million.[11] At the end of the auction, it was the winning bidders were announced, as well as the cities the teams would be based in: Bangalore, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mohali, andMumbai.[11] In the end, the franchises were all sold for a total of $723.59 million.[12] The Indian Cricket League soon folded in 2009.[13]
Expansions and terminations[edit]
On 21 March 2010, it was announced that two new franchises – Pune Warriors India and Kochi Tuskers Kerala – would join the league before the fourth season in 2011.[14]Sahara Adventure Sports Group bought the Pune franchise for $370 million while Rendezvous Sports World bought the Kochi franchise for $333.3 million.[14] However, one year later, on 11 November 2011, it was announced that the Kochi Tuskers Kerala side would be terminated following the side breaching the BCCI's terms of conditions.[15]
Then, on 14 September 2012, following the team not being able to find new owners, the BCCI announced that the 2009 champions, the Deccan Chargers, would be terminated.[16] The next month, on 25 October, an auction was held to see who would be the owner of the replacement franchise, with Sun TV Network winning the bid for theHyderabad franchise.[17] The team would be named Sunrisers Hyderabad.[18]
On 14 June 2015, it was announced that two-time champions, Chennai Super Kings, and the inaugural season champions, Rajasthan Royals, would be suspended for two seasons following their role in a match-fixing and betting scandal.[19] Then, on 8 December 2015, following an auction, it was revealed that Rajkot and Pune would replace Chennai and Rajasthan for two seasons.[20]
Tournament format[edit]
Currently, with eight teams, each team plays each other twice in a home-and-away round-robin tournament.[21] At the conclusion of the league stage, the top four teams qualify for the finals. The top two teams play each other in the first preliminary round match, with the winner going straight to the final while the loser goes on to the second preliminary round. The third and fourth place teams play each other to decide who will take on the loser from the first preliminary round match.[21] The winner of the second preliminary round match will move onto the final where the winner will be crowned the Indian Premier League champions
