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What is IPL? & Why? All about IPL

Indian Premier League (IPL)  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. It is currently supervised by BCCI Vice-President Ranjib Biswal, who serves as the League's Chairman and Commissioner
IPL is the most-watched Twenty20 cricket league in the world and also known for its commercial success. During the sixth IPL season (2013) its brand value was estimated to be around US$3.03 billion.[2][3] Live rights to the event are syndicated around the globe, and in 2010, the IPL became the first sporting event to be broadcast live on YouTube.[4] It is currently sponsored by Pepsi and thus officially known as the Pepsi Indian Premier League.
Of the 11 clubs to have competed since the inception of the Premier League in 2008, five have won the title: Chennai Super Kings(2), Rajasthan Royals (1), Deccan Chargers (1), Kolkata Knight Riders (1) and Mumbai Indians (1). The current champions are Mumbai Indians, who won the title in the 2013 season. Currently there are eight teams.

History

Twenty20 cricket was first introduced by the England and Wales cricket board in 2003 but the IPL is largely credited in projecting the format of the game onto the world stage. IPL was inaugurated in 2008. During the same period Zee "Indian Cricket League" was in operational. It was an enormous success. The annual tournament, played mostly in Indian summer has gone from strength to strength and is largely viewed as being the 'richest' tournament in world cricket.

There are the eight franchises in the IPL (in brackets original cost of franchise in $/million):
The following three teams have played in the IPL but due to financial constraints have ceased to exist:
Until 2012, the Indian Premier League was sponsored by DLF after they paid $50 million for the five year sponsorship. Pepsi took over the contract for the 2013 IPL after paying close to 4 billion rupees for the 5 year contract. In 2008, Sony paid $1 billion for the broadcasting rights over a ten year period. The IPL is watched across the world and in 2010 made history by becoming the first sporting event to be broadcast live on YouTube.

League organisation


Franchises


The rights to the new Hyderabad franchise were awarded to the Sun TV Network in October 2012.
Indian Premier League is located in India

Tournament Rules

There are five ways that a franchise can acquire a player: In the annual auction, signing domestic players, signing uncapped players, through trading, and signing replacements.In the trading window, the player can only be traded with his consent. The franchise will have to pay the difference between the old contract price and the new contract price. If the new contract is worth more than the older one, then the difference will be shared between the player and the franchise selling the player.

Some of the team composition rules are:
  • A minimum squad strength of 16 players plus one physiotherapist and a coach.
  • No more than 11 foreign players in the squad and maximum of four foreign players should be in the playing eleven.
  • A minimum of 14 Indian players must be included in each squad.
  • A minimum of six players from the BCCI under-22 pool in each squad.
IPL games utilise television timeouts, hence there is no time limit for teams to complete their innings. However, there may be a penalty if the umpires find teams misusing this privilege at their own choice. Additionally, each team is given a two-and-a-half-minute "strategic timeout" during each innings; one must be taken by the bowling team between the 6th to 10th overs, and the batting team between the 11th to 16th overs.
The total spending cap for a franchisee in the first player auction was US$5 million. Under-22 players are to be remunerated with a minimum annual salary of US$20,000 while for others it is US$50,000.

Results and statistics

Main article: List of Indian Premier League records and statistics

Team2008200920102011201220132014
Chennai Super KingsR4thWWRRTBD
Delhi Daredevils4th3rd5th10th3rd9thTBD
Kings XI Punjab3rd5th8th5th6th6thTBD
Kolkata Knight Riders6th8th6th4thW7thTBD
Mumbai Indians5th7thR3rd4thWTBD
Rajasthan RoyalsW6th7th6th7th3rdTBD
Royal Challengers Bangalore7thR3rdR5th5thTBD
Pune Warriors IndiaDNPDNPDNP9th9th8thDNP
Deccan Chargers8thW4th7th8thDNPDNP
Kochi Tuskers KeralaDNPDNPDNP8thDNPDNPDNP
Sunrisers HyderabadDNPDNPDNPDNPDNP4thTBD
Notes:
  • W = Winner; R = Runner-up; SF = Semifinalist; DNP = Did Not Play; TBD = To be Decided
SeasonChampionsRunners-upSemi-finalistsNo. of teams
2008Rajasthan RoyalsChennai Super KingsKings XI PunjabDelhi Daredevils8
2009Deccan ChargersRoyal Challengers BangaloreDelhi DaredevilsChennai Super Kings8
2010Chennai Super KingsMumbai IndiansRoyal Challengers BangaloreDeccan Chargers8
2011Chennai Super KingsRoyal Challengers BangaloreMumbai IndiansKolkata Knight Riders10
2012Kolkata Knight RidersChennai Super KingsDelhi DaredevilsMumbai Indians9
2013Mumbai IndiansChennai Super KingsRajasthan RoyalsSunrisers Hyderabad9
20148

Prize Money

Champions: INR13 croresSeason 7 of Indian Premier League (IPL 2014) will offer a total prize money of Rs. 30 crore. The Winning team of IPL gets prize money of Rs. 13 crores.
  • Runner-up: INR8 crores
  • Third place: INR5 crores
  • Fourth place: INR4 crores
  • 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.[24]

Sponsorships

India's biggest property developer DLF Group paid 250 cr (around US$50 million) to be the title sponsor of the tournament for 5 years from 2008 to 2012.From 2013 season, the American food and beverage company PepsiCo took over title sponsorship for five years valued at 3968 million, and also exclusive beverage supplier for the IPL teams in the 2013 season.

The IPL is expected to bring the BCCI an income of approximately US$1.6 billion, over a period of five to ten years. All of these revenues are directed to a central pool, 40% of which will go to IPL itself, 54% to franchises and 6% as prize money. The money will be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchises 45% and prize money 5%. The IPL signed up Kingfisher Airlines as the official umpire partner for the series in a INR1.06 billion (US$18 million) (approximately £15 million) deal. This deal sees the McDowells No.1 brand on all umpires' uniforms and also on the giant screens during third umpire decisions.
Other sponsorships include, a deal with Hero Honda worth $22.5 million, with PepsiCo worth $12.5 million, and a deal with Kingfisher at $26.5 million.

Television rights

On 17 January 2008 it was announced that a consortium consisting of India's Sony Entertainment Television(Set Max) network and Singapore-based World Sport Group secured the global broadcasting rights of the Indian Premier League. 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. This deal was challenged in the Bombay High Court by IPL, and got the ruling on its side.

After losing the battle in court, Sony Entertainment Television signed a new contract with BCCI with Sony Entertainment Television paying INR87 billion (US$1.5 billion) for 10 years. One of the reasons for payment of this huge amount is seen as the money required to subsidise IPL's move to South Africa which will be substantially more than the previous IPL. IPL had agreed to subsidise the difference in operating cost between India and South Africa as it decided to move to the African nation after the security concerns raised because of its coincidence with India's general elections.
Winning BidderRegional Broadcast RightsTerms of Deal
Sony Entertainment Television/World Sport GroupIndia, Bangladesh, Bhutan, Nepal10 years, 2008–2017 at INR87 billion (US$1.5 billion) (revised)[30]
The Times GroupWorldwideGlobal Rights to distribute on broadband, mobile and radio. 4 Years 2011–2014, Terms not released.[36]
Channel 9Bangladesh[37]
GEO Super (2008–2010, 2012, 2013)PakistanContract extended to 2013.[38]
Carlton Sports Network(2012–)
Sri Lanka Rupavahini Corporation: Channel Eye (2008–2011)
Sri LankaTerms not released.
Network Ten (2008)
One (2009–2010)
Australia: Currently no television broadcasting.5 years, 2008–2012 at A$10–15 million.[40]
Sky Sport (2008–2010, 2012–)New ZealandTerms not released.
PCCWHong Kong: Broadcast rights on Now TV.2 years, 2010–2011 terms not released.
StarHubSingapore: Broadcast rights on IPL Channel.Terms not released.
AstroMalaysia, BruneiTerms not released.
SuperSportSouth Africa, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Côte d'Ivoire, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Equatorial Guinea, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Liberia, Madagascar, Malawi, Mali, Mauritius, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, Saint Helena, Ascension and Tristan da Cunha, São Tomé and Príncipe Senegal, Seychelles, Sierra Leone, South Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe10 Years, 2008–2017 terms not released.
Arab Digital Distribution(CricOne)United Arab Emirates, Algeria, Bahrain, Egypt, Iran, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Sudan, Syria, Tunisia, Yemen
Broadcast rights on CricOne
10 Years, 2008–2017 terms not released.[41]
Sky Sports(2015-) ITV (2010–2014) Setanta Sports (2008–2009)United Kingdom: Broadcast on ITV4.4 Years 2011–2014, Terms not released.
SportsMaxAnguilla, Antigua and Barbuda, Bahamas, British Virgin Islands, Barbados, Bermuda, Cayman Islands, Dominica, Grenada, Guadeloupe, Guyana, Jamaica, Martinique, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Martin, Sint Maarten, Saint Vincent and the Grenadines, Suriname, Trinidad and Tobago, Turks and Caicos Islands, United States Virgin IslandsTerms not released.
Sportsnet One/World/Omni(2011–present) Asian Television Network (2008–2010) ATN-Asian Radio (2008–present)Canada: Exclusive broadcast rights.4 years, 2011–2014 terms not released.
Willow TV (2008–2010, 2012, 2013)United StatesRights to distribute on television, radio, broadband and Internet, for the IPL in North America. 5 years, 2008–2012, terms not released.[42]
NEO Cricket (2011–) Dish Network (2008, 2011–) DirecTV(2008–2010)United StatesTerms not released.





Revenue and profits

The UK-based brand consultancy, Brand Finance, has valued the IPL at $4.13 billion in 2010.It was valued at US$2.01 billion in 2009 by the same consultancy.
There are disputed figures for the profitability of the teams. One analyst said that four teams out of the eight made a profit in 2009. While The Times said that all but Kings XI Punjab made a profit.
In 2010, the IPL expects to have 80 official merchandising deals. It has signed a deal with Swiss watchmaker Bandelier to make official watches for the IPL.

Mobile applications

DCI Mobile Studios (A division of Dot Com Infoway Limited), in conjunction with Sigma Ventures of Singapore, have jointly acquired the rights to be the exclusive Mobile Application partner and rights holder for the Indian Premier League cricket matches worldwide for the next 8 years (including the 2017 season). Recently[when?], they have released the IPL T20 Mobile applications for iPhoneNokia Smartphones and BlackBerry devices. It is available across all other major Mobile platforms including the AndroidWindows MobilePalm& others.

Official website

The IPL negotiated a contract with the Canadian company Live Current Media Inc. to run and operate its portals and the minimum guarantee has been negotiated at US$50 million over the next 10 years. In 2010, the contract was nullified and the BCCI decided to run the IPL Digital properties in-house. The official website of the tournament is www.iplt20.com. Incorporating popular forms of social media, the website now contains a more holistic presence across all online mediums to empower user interaction.

Global interest

The third season of the IPL saw interest rise dramatically in the United Kingdom, due to telecasts being moved from the subscription-based Setanta Sports to the free-to-air ITV4. Lalit Modi, then chairman and Commissioner, also expressed immense satisfaction on the way IPL has been accepted by the British audience. "ITV beats Sky Sports over the weekend in number of viewers. This is great going. The ITV numbers are double that of rugby league. This is huge by all imaginations. UK figures for viewership on ITV already 10 times that of last year. This is just fantastic news," he said

Let's see who will win this time?
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