Indian Premier League
Current season, competition or edition: 2008 Indian Premier League | |
| File:IndianPremierLeague.jpg | |
| Sport | Cricket (Twenty20) |
|---|---|
| Founded | 2007 |
| No. of teams | 8 |
| Official website | IndianPremierLeague.com |
The Indian Premier League, created by the Board of Control for Cricket in India (BCCI) and sanctioned by the International Cricket Council, is a Twenty20 cricket competition.
Fixtures
Each team will play the other 7 teams home and away, the top four teams at the end of the group stages will proceed through to the semi finals.
Television Rights
On January 14th, 2008, it was announced that a consortium consisting of India's Sony Television network and Singapore-based World Sport Group secured the rights of the Indian Premier League.[1] The record deal has a duration of ten years at a cost of US$1,026 million. 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.[2]
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.[3]
Setanta Sports have secured the UK rights in a 5-year deal. All 59 games will be shown on their subscription channels.[4]
Title Sponsorship Rights
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.
Franchises
The magnitude of the Indian Premier League was confirmed when the winning bidders for the eight franchises were announced on January 24, 2008.[5] While the total base price for auction was US$400 million, the auction fetched US$723.59 million.[6] The official list of franchise owners announced and the winning bids were as follows.
| Franchise | Owner(s) | Price (USD) |
|---|---|---|
| Mumbai Indians |
Mukesh Ambani and Reliance Industries Limited | $111.9 million |
| Bangalore Royal Challengers |
Dr. Vijay Mallya and UB group | $111.6 million |
| Hyderabad |
Deccan Chronicle | $107 million |
| Chennai Super Kings |
India Cements and N Srinivasan | $91 million |
| Delhi DareDevils |
GMR Holdings | $84 million |
| Mohali |
Preity Zinta, Ness Wadia, Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) | $76 million |
| Kolkata Knight Riders |
Shah Rukh Khan, Juhi Chawla Mehta and Jai Mehta | $75.09 million |
| Jaipur Rajasthan Royals |
Emerging Media: (Manoj Badale, Lachlan Murdoch, Suresh Chellaram) | $67 million |
Administration
- Commissioner - Lalit Modi
- CEO - Sunder Raman[7]
- President - TBA
Player signings
The official list of Players bids were as follows.
♠ Denotes Icon Player who will be paid at least 15% more than the next highest earner within their respective franchise.
The players' auction was held on February 20. The IPL placed icon status on a select few marquee Indian players. These players were Rahul Dravid, Saurav Ganguly, Sachin Tendulkar,Yuvraj Singh and Virender Sehwag.[8] A couple of players from the Australian National Team decided not to submit their names for consideration in the auction because of personal reasons. 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, Mohammad Yousuf and Ashwell Prince were unsigned.
See Also
External links
References
- ^ 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://www.guardian.co.uk/media/2008/feb/25/sportsrights.television
- ^ http://cricket.indiatimes.com/The_great_IPL_auction_winners_declared/articleshow/2728239.cms
- ^ http://content-usa.cricinfo.com/ipl/content/current/story/333193.html
- ^ http://www.exchange4media.com/peoplemovement/movement_fullstory.asp?section_id=23&news_id=29692&tag=24600&pict=2
- ^ "IPL players' auction to be held on February 20". Cricinfo.
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