The Indian Premier League (often abbreviated as IPL), is a Twenty20 cricket competition initiated by the Board of Control for Cricket in India (BCCI) headquartered in Mumbai and supervised by BCCI Vice President Lalit Modi, chairman & commissioner for IPL, and CEO, Sundar Raman. It presently includes 8 teams (franchises) consisting of players from different countries. It was started after altercation between the BCCI and the Indian Cricket League.
It was the first sporting event ever to be broadcast live on the popular video sharing website Youtube. The Indian Premier League's brand value was estimated to be around $4.13 billion (over Rs 18,000 crore) in 2010. 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 calculated that the average salary of IPL over a year is £2.5 million.
Inaugural season
A Chennai vs Kolkata match in progress at the M.A. Chidambaram Cricket StadiumThe 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, Navi Mumbai. Each team played every 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 emerged as the inaugural IPL champions.
Second season
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 the same as the inaugural one. Deccan Chargers came out as eventual winners of the tournament.
Third season
The third season opened in January 2010 with the auction for players. 66 players were on offer but only 11 players were sold. No player from Pakistan was selected, leading to an international political row, with Pakistan interior minister Rehman Malik suggesting that the Pakistani players had been insulted. Indian External Affairs minister SM Krishna clarified that "The government has nothing to do with the selection of players for sporting events."In this season, defending Champions Deccan Chargers will not play at their preferred home location of Hyderabad or Visakhapatnam due to the ongoing political crisis in the region. The new bases for the champions this season are to be Nagpur, Navi Mumbai and Cuttack.
Fourth season
On 21 March, 2010, it was announced that 2 new teams from Pune and Kochi will be added to the IPL from next season. This will increase the number of franchises from 8 to 10 and the number of matches from 60 to 94 if the same format is used. However, the bid around the Kochi franchisee turned controversial resulting in, to date, the resignation of a minister from the Central Government and investigation by various departments of the Government of India into the financial dealings of IPL and the other existing franchisees.
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