Indian Premier League (IPL)
Thursday, March 13th, 2008Introduction
Indian Premier League
Television Rights
Franchise Teams and Bidders
Introduction
The Board of Control for Cricket in India (BCCI) launched the Indian Premier League (IPL) on September 14, 2007. Based on the lines of the English Premier League (EPL) and the National Basketball League (NBA), the IPL is said to be the brainchild of BCCI vice-president Lalit Modi. The idea was first floated in 1996 but was shot down as the board felt it would go against the zonal system of domestic cricket. The project moved into top gear when the Zee group launched a rival Indian Cricket League on similar lines in April 2007.
Indian Premier League
The Indian Premier League, created by the Board of Control for Cricket in India (BCCI) and sanctioned by the International Cricket Council, is a Twenty20 cricket competition. The Indian Premier League starts on April 18th, 2008 - June 1st, 2008. The overall prize money will be US $5 million, with the winners taking home $2 million. The remaining will be up for grabs in different forms, like man of the match awards and cash prizes. By contrast, the winners of the 2007 ICC World Cup in the Caribbean took home $1 million; the Indian team that won the World Twenty20 got half of that. TV rights have already gone for over $1 billion. Franchisees have already committed close to US $723 million. Top players are expected to earn minimum 1-2 crores per season.
BCCI has formed an IPL council that comprises former BCCI president IS Bindra, vice-presidents Rajiv Shukla, Chirayu Amin, Lalit Modi and Arun Jaitley, and former cricketers Mansur Ali Khan Pataudi, Sunil Gavaskar and Ravi Shastri. While the BCCI officials are honorary members, Pataudi, Gavaskar and Shastri will be paid for their services. The IPL governing council will have a five-year term and will run, operate and manage the league independently of the BCCI. The franchisees will own the eight teams in the fray. They can run them in their own styles, bring their own sponsors and even name the team according to their choice. They will even be free to list their teams on the stock exchange.
Television Rights
On January 14th, 2008, it was announced that a consortium consisting of India’s Sony Television network and Singapore-based World Sport Group secured the rights of the Indian Premier League.The record deal has a duration of ten years at a cost of US$1,026 million. As part of the deal, the consortium will pay the BCCI US$918 million for the telecast rights and US$108 million for the promotion of the tournament.
The BCCI announced that the bulk of the proceeds from this deal would initially go to the IPL franchises themselves, gradually reducing this amount over the life of the contract. Network Ten has bought the rights to show every game live in Australia on free-to-air television for the next five years at a cost of AU$10 - $15 million. Setanta Sports have secured the UK rights in a 5-year deal. All 59 games will be shown on their subscription channels.
Franchise Teams And Bidders
The Franchise teams involved in the Indian Premier League are Bangalore Royal Challengers (Vijay Mallya ), Chennai Super Kings (India Cements ), Delhi DareDevils (GMR Holdings ), Hyderabad (Deccan Chronicle ), Rajasthan Royals (Emerging Media ), Kolkata Knight Riders (Shah Rukh Khan ), Mohali (Ness Wadia ) and Mumbai Indians (Mukesh Ambani ).
Bangalore Royal Challengers
Vijay Mallya won the bid for the Bangalore team for $111.6 million. And he is the winner for Bangalore Royal Challengers in the Indian Premier League. Rahul Dravid (India) is the Captian for the team with the bid value of $1,035,000. And New Zealander Martin Crowe is the Coach for the Bangalore Royal Challengers team.
The members of the team are
Jacques Kallis (South Africa) with the bid value of $900,000 ;
Anil Kumble (India) with the bid value of $500,000 ;
Cameron White (Australia) with the bid value of $500,000 ;
Zaheer Khan (India) with the bid value of $450,000 ;
Mark Boucher (South Africa) with the bid value of $450,000 ;
Nathan Bracken ( Australia) with the bid value of $325,000 ;
Dale Steyn ( South Africa) with the bid value of $325,000 ;
Shivnarine Chanderpaul ( West Indies) with the bid value of $200,000 ;
Wasim Jaffer (India) with the bid value of $150,000.
And the total Purchase Price comes to $4,835,000.
Chennai Super Kings
India Cements won the bid for the Chennai team for $91 million. And it is the winner for Chennai Super Kings team in the Indian Premier League. Mahendra Singh Dhoni (India ) is the Captian for the team with the highest bid value of $1,500,000. And South African Kepler Wessels is the Coach for the Chennai Super Kings team.
The members of the team are
Jacob Oram ( New Zealand) with the bid value of $675,000 ;
Suresh Raina (India) with the bid value of $650,000 ;
Albie Morkel ( South Africa) with the bid value of $675,000 ;
Muttiah Muralitharan ( Sri Lanka) with the bid value of $600,000 ;
Matthew Hayden ( Australia) with the bid value of $375,000 ;
Michael Hussey ( Australia) with the bid value of $350,000 ;
Stephen Fleming ( New Zealand) with the bid value of $350,000 ;
Parthiv Patel (India) with the bid value of $325,000 ;
Joginder Sharma (India) with the bid value of with the bid value of $225,000 ;
Makhaya Ntini ( South Africa) with the bid value of $200,000 ;
And the total purchase price comes to $5,925,000.
Delhi DareDevils
GMR Holdings won the bid for the Delhi team for $84 million. And it is the winner for Delhi DareDevils team in the Indian Premier League. Virender Sehwag (India ) is the Captian for the team with the bid value of $833,750. And Australian Greg Shipperd is the Coach for the Delhi DareDevils team.
The members of the team are
Gautam Gambhir ( India) with the bid value of $725,000 ;
Manoj Tiwary (India) with the bid value of $675,000 ;
Mohammad Asif ( Pakistan) with the bid value of $650,000 ;
Daniel Vettori ( New Zealand) with the bid value of $625,000 ;
Dinesh Karthik ( India) with the bid value of $525,000 ;
Shoaib Malik ( Pakistan) with the bid value of $500,000 ;
Glenn McGrath ( Australia) with the bid value of $350,000;
AB de Villiers ( South Africa) with the bid value of $300,000 ;
Tillakaratne Dilshan ( Sri Lanka) with the bid value of $250,000 ;
Farveez Maharoof ( Sri Lanka) with the bid value of $225,000 ;
And the total purchase price comes to $5,572,500.
Hyderabad
Deccan Chronicle won the bid for the Hyderabad team for $107.01 million. And it is the winner for Hyderabad team in the Indian Premier League. V.V.V.Laxman (India) is the Captian for the team with the bid value of $375,000. And Robin Singh (India) is the Coach for the Hyderabad team.
The members of the team are
Andrew Symonds ( Australia) with the bid value of $1,350,000 ;
R. P. Singh (India) with the bid value of $875,000;
Rohit Sharma (India) with the bid value of $750,000;
Adam Gilchrist (Australia) with the bid value of $700,000;
Shahid Afridi (Pakistan) with the bid value of $675,000;
Herschelle Gibbs (South Africa) with the bid value of $575,000;
Chaminda Vaas (Sri Lanka) with the bid value of $200,000 ;
Scott Styris (New Zealand) with the bid value of $175,000 ;
Nuwan Zoysa (Sri Lanka) with the bid value of $110,000 ;
Chamara Silva (Sri Lanka) with the bid value of $100,000 ;
And the total purchase price comes to $5,885,000.
Rajasthan Royals
Emerging Media won the bid for the Rajasthan Royals team for $67 million. And it is the winner for Hyderabad team in the Indian Premier League. Shane Warne (Australia) is the Captian and the coach for the Rajasthan Royals team , with the bid value of $450,000.
The members of the team are
Mohammad Kaif (India) with the bid value of $675,000 ;
Yusuf Pathan (India) with the bid value of $475,000 ;
Graeme Smith (South Africa) with the bid value of $475,000 ;
Shane Warne (Australia) with the bid value of $450,000 ;
Munaf Patel (India) with the bid value of $275,000 ;
Younis Khan (Pakistan) with the bid value of $225,000 ;
Justin Langer (Australia) with the bid value of $200,000;
Kamran Akmal (Pakistan) with the bid value of $150,000 ;
And the total purchase price comes to $2,925,000.
Kolkata Knight Riders
Shah Rukh Khan won the bid for the Kolkata Knight Riders team for $75.09 million. And he is the winner for Kolkata Knight Riders team in the Indian Premier League. Sourav Ganguly (India) is the Captian for Kolkata Knight Riders team with the bid value of $1,092,500. And Australian John Buchanan is the Coach for Kolkata Knight Riders team.
The members of the team are
Ishant Sharma (India) with the bid value of $950,000 ;
Chris Gayle (West Indies) with the bid value of $800,000 ;
Brendon McCullum (New Zealand) with the bid value of $700,000;
David Hussey (Australia) with the bid value of $625,000;
Shoaib Akhtar (Pakistan) with the bid value of $425,000 ;
Murali Kartik (India) with the bid value of $425,000 ;
Ricky Ponting (Australia) with the bid value of $400,000 ;
Ajit Agarkar (India) with the bid value of $330,000;
Umar Gul (Pakistan) with the bid value of $150,000 ;
Tatenda Taibu (Zimbabwe) with the bid value of $125,000 ;
And the total purchase price comes to $6,022,500.
Mohali
Ness Wadia won the bid for the Mohali team for $76 million. And he is the winner for Mohali team in the Indian Premier League. Yuvraj Singh (India) is the Captian for Mohali team with the bid value of $1,063,750. And Australian Tom Moody is the coach for the Mohali team.
The members of the team are
Irfan Pathan (India) with the bid value of $925,000 ;
Brett Lee (Australia) with the bid value of $900,000 ;
Kumar Sangakkara (Sri Lanka) with the bid value of $700,000;
Sreesanth (India) with the bid value of $625,000 ;
Mahela Jayawardene (Sri Lanka) with the bid value of $475,000 ;
Piyush Chawla (India) with the bid value of $400,000 ;
Ramnaresh Sarwan (West Indies) with the bid value of $225,000 ;
Simon Katich (Australia) with the bid value of $200,000;
Ramesh Powar (India) with the bid value of $170,000 ;
And the total purchase price comes to $5,683,750.
Mumbai Indians
Mukesh Ambani won the bid for the Mumbai Indians team for $111.9 million. And he is the winner for Mumbai Indians team in the Indian Premier League. Sachin Tendulkar (India) is the Captian for Mumbai Indians team with the bid value of $1,121,250. And Lalchand Rajput (India) is the coach for the Mumbai Indians team.
The members of the team are
Sanath Jayasuriya (Sri Lanka) with the bid value of $975,000 ;
Harbhajan Singh (India) with the bid value of $850,000 ;
Robin Uthappa (India) with the bid value of $800,000 ;
Shaun Pollock (South Africa) with the bid value of $550,000 ;
Lasith Malinga (Sri Lanka) with the bid value of $350,000;
Loots Bosman (South Africa) with the bid value of $175,000 ;
Dilhara Fernando (Sri Lanka) with the bid value of $150,000 ;
And the total purchase price comes to $4,971,250.