Indian Premier League is a 20-20 format competition will be held from April onwards and will involve 59 matches over 44 days. It will be played among 8 times and prize money is around 3 million dollars. Each team comprises of 16 players and can include 4 International players.
Ownership of 8 teams was won by who is who of corporate India with stunning bids for million dollars. Companies like DLF lost the bidding war due to astonishing bids by rivals.
Winning bidders of Indian Premier League teams:
1. Mumbai: Mukhesh Ambani (111.9 million dollars).
2. Bengaluru: Vijay Mallya (111.6 million dollars).
3. Hyderabad: Deccan Chronicle (107 million dollars).
4. Chennai: India Cements (91 million dollars).
5. Delhi Team: GMR group (84 million dollars).
6. Jaipur: Emerging media (67 million dollars).
7. Kolkata: Shahrukh Khan (75.09 million dollars).
8. Mohali: Preity Zinta and Ness Wadia (76 million dollars).
Current players cannot have right to own a stake in Indian Premier League.
Broadcasting rights: Sony Entertainment Television for 10 years at 1.026 billion dollars.
Can Indian Premier League attract viewers when there is no national pride at stake? Can Indian viewers learn this new culture and spend their evenings at stadiums?
Please share your comment on IPL.
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