IPL-Indian Premier League - Cricket

Indian Premier League (IPL)

Indian Premier League is a Twenty20 cricket tournament where different franchise teams participate for the title. The tournament started in 2008 and from then it usually takes place every year in the months of April–June. IPL is the most-watched Twenty20 cricket league in the world and also known for its commercial success. It is currently sponsored by Pepsi and thus officially known as the “Pepsi Indian Premier League.”

The most recent edition was the IPL-7 held in 2014. It is currently supervised by BCCI Vice-President Ranjib Biswal, who serves as the League's chairman and Commissioner. Sundar Raman has been the IPL chief operating officer (COO) since its first season, after he was appointed by former IPL Commissioner Lalit Modi in 2008. The league ran from 16 April – 1 June 2014 and was hosted by both UAE & India. There are eight teams participating in 2014 Indian Premier League as Pune Warriors India was terminated. The auction of players for the seventh season of IPL took place on 13 and 15 February 2014 in Bangalore. Kolkata Knight Riders defeated Kings XI Punjab by 28 runs in first qualifier to reach the final. In the finals held on 1 June, Kolkata Knight Riders beat Kings XI Punjab by 3 wickets, to become the winner of IPL 2014.

Tournament summary:

Season	Champions	Runners-up	Semi-finalists		No. of teams
2008	Rajasthan Royals	Chennai Super Kings	Kings XI Punjab	Delhi Daredevils	8
2009	Deccan Chargers	Royal Challengers Bangalore	Delhi Daredevils	Chennai Super Kings	8
2010	Chennai Super Kings	Mumbai Indians	Royal Challengers Bangalore	Deccan Chargers	8
2011	Chennai Super Kings	Royal Challengers Bangalore	Mumbai Indians	Kolkata Knight Riders	10
2012	Kolkata Knight Riders	Chennai Super Kings	Delhi Daredevils	Mumbai Indians	9
2013	Mumbai Indians	Chennai Super Kings	Rajasthan Royals	Sunrisers Hyderabad	9
2014	Kolkata Knight Riders	Kings XI Punjab	Chennai Super Kings	Mumbai Indians	8

NOTE:

·         IPL-4 Tournament was won by Chennai Super Kings (CSK) by defeating RCB in 2011.

·         IPL-5 Tournament was won by Kolkata Knight Riders (KKR) in 2012 by defeating Chennai Super Kings (CSK) on May 27, 2012 in Chennai. Golden player of the tournament was Sunil Naraine (KKR), Orange Cap holder Chris Gayle (RCB) and Purple Cap holder Morne Morkel (DD).

·         IPL-6 Tournament is won by Mumbai Indians by defeating Chennai Super Kings (CSK) in May, 2013 amidst the raging allegations of spot fixing and batting. Dwayne Bravo of CSK won Purple cap and Mike Hussey of CSK won Orange cap in this tournament.

·         IPL-7 Tournament is won by Kolkata Knight Riders by defeating Kings XI Punjab. This was the second IPL they have won. Orange cap was won by Kolkata Knight Riders's Robin Uthappa & Purple cap was won by Chennai Super King's Mohit Sharma. Glenn Maxwell was named Man of the Tournament.

Winners of IPL title:

Of the 11 teams to have competed since the inception of the Premier League in 2008, five have won the title: Kolkata Knight Riders (2), Chennai Super Kings (2), Rajasthan Royals (1), Deccan Chargers (1) and Mumbai Indians (1).

Prize Money:

Season 7 of Indian Premier League (IPL 2014) offer a total prize money of Rs. 400 million. The winning team of IPL gets prize money of Rs. 150 million.

Champions:  150 million

Runner-up:  100 million

Third place:  75 million

Fourth place:  75 million

No prize money for remaining teams. It must be noted that IPL rules mandate that half of the prize money must be distributed among the players.

Franchises:

The winning bidders for the eight franchises (or clubs) were announced on 24 January 2008. While the total base price for auction was US$400 million, the auction fetched US$723.59 million. Chennai Super Kings, Delhi Daredevils, Kings XI Punjab, Kolkata Knight Riders, Mumbai Indians, Rajasthan Royals, Royal Challengers Bangalore and Deccan Chargers were the founding clubs of the new professional league.

On 21 March 2010, teams from Pune (Pune Warriors India) and Kochi (Kochi Tuskers Kerala) were unveiled as the two new clubs 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 second franchise auction fetched total $703 million.

Ticket sales money/gate receipts:

Almost 80% of the tickets are sold by franchises themselves while other 20% is for IPL governing body. Tickets sales/gate receipts are large proportion of an IPL franchise's yearly revenue.