The Indian Premier League (also known as the "DLF Indian Premier League" and often abbreviated as IPL), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI). The first season of the Indian Premier League commenced on 18 April 2008, and ended on 1 June 2008 with the victory of the Rajasthan Royals in the final at the DY Patil Stadium, Navi Mumbai.
Fixtures
Teams play each other two times in a round robin system, with equal number of home and away matches. The top four ranking sides will progress to the semi-finals. The eight teams taking part are Kolkata Knight Riders, Chennai Super Kings, Mumbai Indians, Hyderabad Deccan Chargers, Rajasthan Royals, Royal Challengers Bangalore, Delhi Daredevils, and Kings XI Punjab.
The inaugural 2008 tournament started on 18 April 2008 in Bangalore and lasted for 45 days, with 59 matches scheduled, out of which 58 took place and 1 was washed out due to rain.
The IPL 2008 tournament was won by the Rajasthan Royals on 1 June 2008.
Television rights and sponsorship
The IPL will bring the BCCI income of US$1 billion, over a period of five to ten years, reinforcing its status as the richest board in world cricket.
All of these revenues are directed to a central pool, 40% of which will go to IPL itself, 54% to franchisees and 6% as prize money. The money will be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%.[3]
Television rights
On 15 January 2008 it was announced that a consortium consisting of India's Sony Entertainment Television network and Singapore-based World Sport Group secured the global broadcasting rights of the Indian Premier League.[4] The record deal has a duration of ten years at a cost of US $1.026 billion. As part of the deal, the consortium will pay the BCCI US $918 million for the television broadcast rights and US $108 million for the promotion of the tournament.[5]
20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be distributed in these proportions until 2012, after which the IPL would go public and list its shares.[6]
Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting rights around the world.
Fixtures
Teams play each other two times in a round robin system, with equal number of home and away matches. The top four ranking sides will progress to the semi-finals. The eight teams taking part are Kolkata Knight Riders, Chennai Super Kings, Mumbai Indians, Hyderabad Deccan Chargers, Rajasthan Royals, Royal Challengers Bangalore, Delhi Daredevils, and Kings XI Punjab.
The inaugural 2008 tournament started on 18 April 2008 in Bangalore and lasted for 45 days, with 59 matches scheduled, out of which 58 took place and 1 was washed out due to rain.
The IPL 2008 tournament was won by the Rajasthan Royals on 1 June 2008.
Television rights and sponsorship
The IPL will bring the BCCI income of US$1 billion, over a period of five to ten years, reinforcing its status as the richest board in world cricket.
All of these revenues are directed to a central pool, 40% of which will go to IPL itself, 54% to franchisees and 6% as prize money. The money will be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%.[3]
Television rights
On 15 January 2008 it was announced that a consortium consisting of India's Sony Entertainment Television network and Singapore-based World Sport Group secured the global broadcasting rights of the Indian Premier League.[4] The record deal has a duration of ten years at a cost of US $1.026 billion. As part of the deal, the consortium will pay the BCCI US $918 million for the television broadcast rights and US $108 million for the promotion of the tournament.[5]
20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be distributed in these proportions until 2012, after which the IPL would go public and list its shares.[6]
Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting rights around the world.
Rules
The official rules for the tournament are here. Some of the Team composition rules are:
- Total squad strength of 16 players plus one physio and a coach.
- No more than 8 foreign players in the squad and at most 4 in the playing XI.
- A minimum of 4 local players must be included in each team.
- No fewer than 4 players from the BCCI under-22 pool in each team.
The players accorded "icon" status are: Sachin Tendulkar, Rahul Dravid, Sourav Ganguly, Yuvraj Singh and Virender Sehwag. The total spending cap for a franchisee in the first player auction was US $5m. Under-22 players are to be remunerated with a minimum annual salary of US $20,000 while for others it is US $50,000. Icon players are to be paid 15% more than the highest paid player in their respective teams.
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