What is the Indian Premier League?
The Board of Control for Cricket in India (BCCI) launched the Indian
Premier League (IPL) on September 14, 2007. Based on the lines of the
English Premier League (EPL) and the National Basketball League (NBA),
the IPL is said to be the brainchild of BCCI vice-president Lalit Modi.
The idea was first floated in 1996 but was shot down as the board felt
it would go against the zonal system of domestic cricket. The project
moved into top gear when the Zee group launched a rival Indian Cricket
League on similar lines in April 2007.
Who are the franchisees?
The franchisees will own the eight teams in the fray. They can run
them in their own styles, bring their own sponsors and even name the
team according to their choice. They will even be free to list their
teams on the stock exchange.
How is it different from the football and hockey leagues in India?
The IPL, in a way, is not very different in its format vis-a-vis the
PHL or the I-League in football. It is, however, totally different in
its concept as the teams have been offered to franchisees (individuals
or corporates) through a bidding process that culminated on Thursday.
The BCCI has already signed up 80 international players who will also
be put for auction soon.
When will the IPL matches be played and where?
Under lights, on a home and away basis, in the cities that have
formed the teams. The league opens on April 18 and will see 59 matches
spread over 44 days
What kind of money is involved in IPL?
The overall prize money will be US $5 million, with the winners
taking home $2 million. The remaining will be up for grabs in different
forms, like man of the match awards and cash prizes. By contrast, the
winners of the 2007 ICC World Cup in the Caribbean took home $1
million; the Indian team that won the World Twenty20 got half of that.
TV rights have already gone for over $1 billion. Franchisees have
already committed close to US $723 million. Top players are expected to
earn minimum 1-2 crores per season.
What is already in place for IPL?
With the league scheduled for April 2008, the IPL has so far sold
the eight teams to corporate houses and signed leading players. Indian
stars like Sachin Tendulkar and Sourav Ganguly will be called “icon
players” and can play only for their respective cities. They will be
the highest paid players and will not be auctioned. The bidding will
take place next month.
Who owns the IPL TV rights?
Sony Entertainment, a division of Japan’s Sony Corp, and the
Asia-based World Sports Group (WSG) won the broadcast rights for ten
years, worth more than a whopping US $1 billion. TV rights are worth
$918 million, with $100 million set aside for promotion.
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.