IPL History

Players and teams were bought by their teams through an auction, with the top players going for well over $1,000,000. The teams consist mainly of Indian and Pakistani players although players from around the globe play in the league and it looks as if players from all over the world will increasingly be playing in the IPL as there is no other alternative which pays anywhere near as much money as the IPL.

Eight teams who play each other in a league format, home and away over 56 games the top four teams then go into semi finals before playing the final.

The IPL Teams

* Mumbai Indians, bought for $111.19 million by Mukesh Ambani and Reliance Industries Ltd

* Bangalore Royal Challengers, bought for $111.6 million by Dr Vijay Mallya and UB Group

* Deccan Chargers, bought for $107 million by the Deccan Chronicle

* Chennai Super Kings, bought for $91 by N Srinivasan and India Cements

* Delhi Dare Devils, bought for $84 million by GMR Holdings

* Kings XI Punjab, bought for $76 million

* Kolkata Knight Riders, bought for $75.09 million

* Rajasthan Royals, bought for $67 million


Who will run the IPL?

BCCI has formed an IPL council that comprises former BCCI president IS Bindra, vice-presidents Rajiv Shukla, Chirayu Amin, Lalit Modi and Arun Jaitley, and former cricketers Mansur Ali Khan Pataudi, Sunil Gavaskar and Ravi Shastri. While the BCCI officials are honorary members, Pataudi, Gavaskar and Shastri will be paid for their services. The IPL governing council will have a five-year term and will run, operate and manage the league independently of the BCCI.