IPL stands for Indian Premier League known as Vivo Indian Premier League. Vivo bought rights for Indian Rupees 439.8 crores from 2018 to 2022. Vivo is a Chinese technology company owned by BBK Electronics. IPL is controlled and monitored by the Board of Control for Cricket in India (BCCI) which is the central authority in India for the game of Cricket.
IPL is a limited overs game and is considered one of the major T20 Cricket leagues being organized Worldwide. The first season of IPL started in 2008, the purpose of making IPL was to promote and flourish new talent not only in India but from other countries as well. The Board of Control for Cricket in India (BCCI) took challenging and risky steps to launch such limited-overs league in Asia but Indian Cricket board put the estimated base price of the franchise for US $400 Million but it was closed to US $723.59 million which was totally unexpected, since then, IPL has been considered the most secure place to invest. Lalit Modi was the founder and the former Commissioner of the league.
IPL has unique records, it is the most-attended cricket league till to date in Asia, in 2014 it broke the overall record of audience attendance with full capacity and ranked on 6th position comparing to all other sports leagues including Football leagues. IPL is also the first league to broadcast live matches on YouTube in 2010. According to Duff & Phelps, the brand value of IPL in 2008 was US $6.3 billion.
Background of Indian Premier League (IPL)
IPL was formed in 2007 and was majorly funded by Zee Entertainment Enterprises initially, ICL and IPL were two different leagues, major conflict was between the members of IPL and ICL not with the Board of Control for Cricket in India or the International Cricket Council (ICC), therefore, both leagues were operated differently. The BCCI took an initial risky step and increased the prize money to prevent players from taking part in ICL. Board of Control for Cricket in India also called ICL which is a rebel league.
Lalit Modi, who is the mastermind behind this league, first announced the launch of IPL on 13 September 2007 and also spelled out the details of the teams, players, tournament, format and prize money. He also clarified that format of the league was similar to NBA in United Stated and Premier League of England. He explained that they were working on this idea more than two years ago but were afraid of the knee-jerk reaction to the ICL as ICL was badly rejected and faced financial ongoing turmoil and the league was frozen right after the first season.
IPL Prize Money & Awards
Winning Team = Rs. 20 Crore Prize Money
Runner-up Team = Rs.12.5 Crore Prize Money
3rd Place = Rs. 8.7 Crore Prize Money
4th Place = Rs. 8.7 Crore Prize Money
Orange Cap (Leading Run Scorer) = Rs. 10 Lakh + Trophy
Purple Cap (Leading Wicket Taker) = Rs. 10 Lakh + Trophy
Most Valuable Player (Having most MVP Points) = Rs. 10 Lakh + Trophy
IPL Pitch and Ground Awards
Ground Hosting 7+ matches = Rs. 50 Lakh + Trophy
Ground Hosting less than 7 matches = Rs. 25 Lakh + Trophy
IPL Match Awards (Awards per Match)
League Matches – Man of the Match = Rs. 1 Lakh + Trophy
Playoff Matches – Man of the Match = Rs. 5 Lakh + Trophy
TATA Nexon Super Striker of the Match = Rs. 1 Lakh + Trophy
FBB Stylish Player of the Match = Rs. 1 Lakh + Trophy
Star Plus Nayi Soch Award = Rs. 1 Lakh + Trophy
VIVO Perfect Catch of the Match = Rs. 1 Lakh + Trophy + Vivo Phone
IPL Season Award
VIVO Perfect Catch of the Season = Rs. 10 Lakh + Trophy + Vivo Phone
TATA Nexon Super Striker of the Season = TATA Nexon car + Trophy
FBB Stylish Player of the Season = Rs. 10 Lakh + Trophy
Star Plus Nayi Soch Season Award = Rs. 10 Lakh + Trophy
Emerging Player Award = Rs. 10 Lakh
Paytm Fair Play Award = Trophy
IPL 2019 Teams
Following 8 Teams are taking part in IPL 2019
- Chennai Super Kings – Winner of IPL 2018
- Delhi Capitals
- Kings XI Punjab
- Kolkata Knight Riders
- Mumbai Indians
- Rajasthan Royals
- Royal Challengers Bangalore
- Sunrisers Hyderabad
IPL 2019 Teams & Captains
| Sr. No. | Teams | Captains |
|---|---|---|
| 1 | Chennai Super Kings | MS Dhoni |
| 2 | Delhi Capitals | Shreyas Iyer |
| 3 | Kings XI Punjab | Ravichandran Ashwin |
| 4 | Kolkata Knight Riders | Dinesh Karthik |
| 5 | Mumbai Indians | Rohit Sharma |
| 6 | Rajasthan Royals | Ajinkya Rahane |
| 7 | Royal Challengers Bangalore | Virat Kohli |
| 8 | Sunrisers Hyderabad | Kane Williamson |
IPL 2019 Teams & Owners
| No. | Teams | Owners |
|---|---|---|
| 1 | Chennai Super Kings | N. Srinivasan |
| 2 | Delhi Capitals | Sajjan Jindal, Grandhi Mallikarjuna Rao |
| 3 | Kings XI Punjab | Preity Zinta, Ness Wadia, Mohit Burman, Karan Paul |
| 4 | Kolkata Knight Riders | Shah Rukh Khan, Juhi Chawla, Jay Mehta |
| 5 | Mumbai Indians | Mukesh Ambani |
| 6 | Rajasthan Royals | Manoj Badale |
| 7 | Royal Challengers Bangalore | Amrit Thomas |
| 8 | Sunrisers Hyderabad | Kalanithi Maran |
IPL Most Winning Team
Chennai Super Kings = Won IPL 3 Times
Mumbai Indians = Won IPL 3 Times