| Each team had a pool of 16 players, with a maximum | | | | $1 billion over the period of 5-10 years. This revenue |
| of eight overseas players and a min of four U-22 | | | | will be distributed as 50% will go back to IPL, |
| players. The first “Players Auction” was held | | | | Franchises 45% and prize money 5%. In the first |
| on the Feb. 20, 2008, giving the iconic status to Rahul | | | | season, no one was expected to break even, but |
| Dravid, Saurav Ganguly, Sachin Tendulkar, Yuvraj | | | | the success of the first season was so phenomenal |
| Singh and Virender Sehwag, great Indian Cricket | | | | that some of the franchises are already profitable |
| Icons. All 8 teams played each other 2 times in the | | | | from the season 1. Kolkatta knight riders though, did |
| round robin system, the top four ranking sides’ | | | | not qualify for the semi finals, made the net profit of |
| progressed to the semi-finals. IPL is all set this year | | | | 13 Crores due to the successful marketing strategy |
| and ready to rock the Cricket fraternity with its | | | | by its owner Shahrukh Khan, while the Rajasthan |
| glorious and glamorous series to be held within few | | | | royals, the underdogs, who also were the last year |
| days. | | | | winners, made net profit of 6 Crores. |
| The 8 franchises of the IPL, with their business | | | | After the highly successful first season, it is reported |
| tycoons, Bollywood stars and media magnets this | | | | that 4 new franchises will join the IPL in the season |
| year shall include: | | | | 2010-2011.The new confirmed franchises are |
| Rajasthan Royals: Owned by Emerging India, Lachlan | | | | Ahmadabad, with Anil Ambani’s name associated |
| Murdoch, Shilpa Shetty (Winner Big Brother UK) and | | | | wit it, and Kanpur with Sahara group; associated with |
| Raj Kundra. | | | | it. The tentative dates for the second season of the |
| Mumbai Indians: Owned by business tycoon Mukesh | | | | DLF Indian Premier League, had been announced by |
| Ambani. | | | | the Chairman & League Commissioner, Lalit Modi. |
| Royal Challenge Bangalore: Owned by Vijay Mallaya of | | | | It has been set from April 10th, 2009 to May 29th, |
| UB Group. | | | | 2009. |
| Hyderabad Deccan Chargers: Owned by Deccan | | | | The formats of the season will remain the same as |
| Chargers Sporting Venture. | | | | the first season. The auction of the players will begin |
| Chennai Super Kings: Owned by Indian Cements (N | | | | in Goa on 6th. There are 114 players up for grabs in |
| Srinivasan). | | | | this auction. Indian premier league which was formed |
| Delhi Daredevils: Owned by GMR Holdings (Grandhi | | | | on the on the lines of English premier league and |
| Mallikarjuna Rao) | | | | national basketball league has also become a Mega |
| Kings XI Punjab: Owned by Ness Wadia (Bombay | | | | Major Sporting event. Will the much hyped T20 |
| Dyeing), Priety Zinta (Bollywood Actress), Dabur and | | | | championship league be able to continue its success |
| Karan Paul. | | | | run, or its bubble will burst in the coming years? We |
| Kolkatta Knight Riders: Owned by Red Chillies | | | | shall find out as the series unfolds. |
| Entertainment (Shah Rukh Khan, Juhi Chawla and Jai | | | | Follow the Cricket livescore and all cricket results at |
| Mehta. | | | | ScoresPro. |
| Indian premier league is expected to bring about US | | | | |