Indian Premier League
The Indian Premier League changed the way cricket is played in India and has brought in huge scope for the entertainment industry as well.
Twenty20 cricket became phenomenally popular after India won the Twenty20 World Cup in 2007 and the IPL has since then cashed on the craze. From then on, India’s involvement with IPL has been rewarding and marvelous.
Initialized by the then BCCI vice-president Lalit Modi, the IPL was launched in 2008 as a competitive response to the Indian Cricket League (ICL).
The Indian Cricket League was founded in 2007, with funding provided by Zee Entertainment Enterprises. The ICL was not recognised by the BCCI or the ICC and the BCCI were not pleased with its committee members joining the ICL executive board. To prevent players from joining the ICL, the BCCI increased the prize money in their own domestic tournaments and also imposed lifetime bans on players joining the ICL, which was considered a rebel league by the board.
On 13 September 2007, the BCCI announced the launch of a franchise-based Twenty20 cricket competition called Indian Premier League whose first season was slated to start in April 2008, in a “high-profile ceremony” in New Delhi. BCCI vice-president Lalit Modi, said to be the mastermind behind the idea of IPL, spelled out the details of the tournament including its format, the prize money, franchise revenue system and squad composition rules. It was also revealed that the IPL would be run by a seven-man governing council composed of former India players and BCCI officials, and that the top two teams of the IPL would qualify for that year’s Champions League Twenty20. In order to decide the owners for the new league, an auction was held on 24 January 2008 with the total base prices of the franchises costing around $400 million. At the end of the auction, the winning bidders were announced, as well as the cities the teams would be based in: Bangalore, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mohali, and Mumbai.In the end, the franchises were all sold for a total of $723.59 million. The Indian Cricket League soon folded in 2008.
From 2008 to 2012, the title sponsor was DLF, India’s largest real estate developer, who had secured the rights with a bid of ₹200 crore for five seasons. After the conclusion of the 2012 season, PepsiCo bought the title sponsorship rights for ₹396.8 crore for the subsequent five seasons. However, the company terminated the deal in October 2015 two years before the expiry of the contract, reportedly due to the two-season suspension of Chennai and Rajasthan franchises from the league. The BCCI then transferred the title sponsorship rights for the remaining two seasons of the contract to Chinese mobile handset manufacturer Vivo for an undisclosed amount estimated to be about ₹200 crore. In June 2017, Vivo retained the rights for the next five seasons (2018–2022) with a winning bid of ₹2199 crore, in a deal more expensive than Barclays’ Premier League title sponsorship contract between 2013 and 2016.
Expansions and terminations
On 21 March 2010, it was announced that two new franchises – Pune Warriors India and Kochi Tuskers Kerala – would join the league before the fourth season in 2011. Sahara Adventure Sports Group bought the Pune franchise for $370 million while Rendezvous Sports World bought the Kochi franchise for $333.3 million. However, one year later, on 11 November 2011, it was announced that the Kochi Tuskers Kerala side would be terminated following the side breaching the Board of Control for Cricket in India’s terms of conditions.
Then, on 14 September 2012, following the team not being able to find new owners, the BCCI announced that the 2009 champions, the Deccan Chargers, would be terminated. The next month, on 25 October, an auction was held to see who would be the owner of the replacement franchise, with Sun TV Network winning the bid for the Hyderabad franchise. The team would be named Sunrisers Hyderabad.
On 14 June 2015, it was announced that two-time champions, Chennai Super Kings, and the inaugural season champions, Rajasthan Royals, would be suspended for two seasons following their role in a match-fixing and betting scandal. Then, on 8 December 2015, following an auction, it was revealed that Puneand Rajkot would replace Chennai and Rajasthan for two seasons. The two teams were the Rising Pune Supergiant and the Gujarat Lions.
Indian Premier League Championship Results
Indian Premier League championship
2008 Rajasthan Royals
2009 Deccan Chargers
2010 Chennai Super Kings
2011 Chennai Super Kings
2012 Kolkata Knight Riders
2013 Mumbai Indians
2014 Kolkata Knight Riders
2015 Mumbai Indians
2016 Sunrisers Hyderabad
2017 Mumbai Indians