Expansions and terminationsĬrowd during a match of the 2015 IPL season in Hyderabad, India. The Indian Cricket League soon folded in 2008. In the end, the franchises were all sold for a total of $723.59 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 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. The league's format was similar to that of the Premier League of England and the NBA in the United States. Modi also clarified that they had been working on the idea for two years and that the IPL was not started as a "knee-jerk reaction" to the ICL. 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. BCCI vice-president Lalit Modi, who spearheaded the IPL effort, spelled out the details of the tournament including its format, the prize money, franchise revenue system and squad composition rules. The first season was slated to start in April 2008, in a "high-profile ceremony" in New Delhi. On 13 September 2007, on the back of India's victory at the 2007 T20 World Cup, BCCI announced a franchise-based Twenty20 cricket competition called Indian Premier League. Lalit Modi during the launch of the IPL. The dynamic Twenty20 format has been designed to attract a young fan base, which also includes women and children. The IPL has been designed to entice an entire new generation of sports fans into the grounds throughout the country. 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. The ICL was not recognised by the Board of Control for Cricket in India (BCCI) or the International Cricket Council (ICC) and the BCCI were not pleased with its committee members joining the ICL executive board. The Indian Cricket League (ICL) was founded in 2007, with funding provided by Zee Entertainment Enterprises.
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The Indian Premier League ( IPL) is a professional men's Twenty20 cricket league, contested by ten teams based out of ten Indian cities.
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