In this article I am going to explain the difference between Indian premier League and Indian Cricket league or as they call it difference between IPL and ICL cricket leagues of the twenty20 cricket league.
What is IPL and ICL : How IPL works and How ICL works ; the difference between icl & ipl
Indian Premier League Governing Council : IPL India Cricket or Indian premier is primarily backed up by BCCI. Lalit Modi the governing council consists of Chairman and Commissioner Lalit Modi, Sunil Gavaskar, MAK Pataudi and Ravi Shastri, Rajiv Shukla, Chirayu Amin, Inderjit Singh Bindra and Arun Jaitley.
Team Composition :
Each team will have a pool of 16 players, with a maximum of eight foreign players and a minimum of four under-22 players. Additionally, at least four players must be from the catchment area where the team is based. These are some of the rules for Indian premier league
franchises.
Indian Premier Matches Schedule : IPL is scheduled to start in April 2008 and will last for 44 days, involving 59 matches. The prize money for the league will be around Rs 13 crore (US $3million).
Television rights:
The televison rights went to India's Sony television network and Singapore based World Sports Group(wsg).The deal is for the duartion of ten years and the consortium will pay the BCCI $918 million for telecast rights and US$108 million for 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
Australia rights went to network ten for AUS$10-$15.Setanta Sports have secured the UK rights in a 5-year deal. All 59 games will be shown on their subscription channels
TITLE Sponsor Rights went to DLF Universal worth INR 200 crore (over US$50 million) for five years
Team Franchises for Twenty 20 20 cricket league and 20/20 ipl
The official list of franchise owners for indian premier league series of 20/20 teams announced and the winning bids were as follows.
Bangalore Royal Challengers : Dr. Vijay Mallya / UB group $111.6 million
Coach : Venkatesh Prasad
Chennai Super Kings : India Cements / N Srinivasan $91 Million
Coach: Keppler Vessels
Delhi Daredevils : GMR Holdings $84million
Coach : Greg Shipperd
IPL Hyderabad : Deccan Chronicle $107 million
Coach : Robin Singh
Jaipur Rajasthan Royals : Emerging Media :(Manoj Badale, Lachlan Murdoch, Suresh Chellaram) $67 million
Coach: Shane Warne
IPL Kolkata : Shah Rukh Khan,Juhi Chawla Mehta and Jay Mehta $75.09 million
Coach: John Buchanan
IPL Mohali Preity Zinta, Ness Wadia , Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur) $76 million
Coach: Tom Moody
Mumbai Mukesh Ambani/ Reliance Industries Limited $111.9 million
The franchises will be free to run the teams as they want as well as bring their won sponsors as well as will be free tolist them on the stock exchanges.
Franchisee Revenue Generation according to IPL tender document :
Centralised revenue : title Sponsorship, media rights, official umpires sponsorship.
Franchisee revenue : team naming rights, team shirt sponsorship and ticketing revenues
indian premier league vs icl is a war and it will continue tillone loses the money and give up.. Continue reading ..
Prize Money
Over all prize Money : US $5million and winners take home $2 million
Bidding process and how IPL works :
The auction was held on February 20th. IPL cricket league said that four players will be in the "ICON Status"
The players were presented in lots of six, with the marquee names first to go under the hammer.
Top of the list was India's one-day captain Mahendra Singh Dhoni, signed for an astonishing $1.5m, $1.1m more than his reserve price, by the Chennai franchise owned by Indian Cements. Chennai also captured Muttiah Muralitharan for $600,000, well above his $250,000 reserve price.
Franchises have a minimum spend of $3.3m and a maximum of $5m for their squads, with players signed for an initial three years, but the restrictions do not appear to have occurred to some franchise owners.
Mumbai is already guaranteed the services of Sachin Tendulkar, who under IPL regulations must be paid a salary amounting to 115% of the next highest-paid player in the franchise
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