The Indian Premier League (IPL), also known as the TATA IPL for sponsorship reasons, is a men's T20 cricket league held annually in India. Founded by the BCCI in 2007, the league features ten city-based franchise teams. The IPL usually takes place during the summer, between March and May each year. It has an exclusive window in the ICC Future Tours Programme, resulting in fewer international cricket tours occurring during the IPL seasons.
The IPL is the most popular cricket league in the world; in 2014, it ranked sixth in average attendance among all sports leagues. In 2010, the IPL became the first sporting event to be broadcast live on YouTube. Inspired by the success of the IPL, other Indian sports leagues have been established. In 2022, the league's brand value was estimated at ₹90,038 crore (US$11 billion). According to the BCCI, the 2015 IPL season contributed ₹1,150 crore (US$140 million) to India's GDP. In December 2022, the IPL achieved a valuation of US$10.9 billion, becoming a decacorn and registering a 75% growth in dollar terms since 2020 when it was valued at $6.2 billion, according to a report by the consulting firm D and P Advisory. Its 2023 final became the most streamed live event on the internet, with 32 million viewers.
In 2007, Zee Entertainment Enterprises founded the Indian Cricket League (ICL). The ICL was not recognized by the Board of Control for Cricket in India (BCCI) or the International Cricket Council (ICC). Moreover, the BCCI was unhappy about its committee members joining the ICL executive board. In response, the BCCI increased the prize money for its domestic tournaments and imposed lifetime bans on players who joined the rival league, which it considered a rebel league.
On 13 September 2007, following India's victory at the 2007 T20 World Cup, the BCCI announced a franchise based Twenty20 cricket competition known as the Indian Premier League. The inaugural season was scheduled to start in April 2008, commencing with a "high-profile ceremony" in New Delhi. BCCI Vice-president Lalit Modi, who led the IPL initiative, provided details of the tournament, including its format, prize money, franchise revenue system, and squad composition rules. The league, to be managed by a seven-man governing council, would also serve as the qualifying mechanism for that year's Champions League Twenty20.
To determine team ownership, an auction for the franchises was held on 24 January 2008. The reserve prices for the eight franchises totalled $400 million, but the auction ultimately raised $723.59 million. The league officially commenced in April 2008, featuring Chennai Super Kings (CSK), Mumbai Indians (MI), Delhi Daredevils (DD), Kings XI Punjab (KXIP), Deccan Chargers (DC), Rajasthan Royals (RR), Kolkata Knight Riders (KKR), and Royal Challengers Bangalore (RCB).
Following the ban on players who chose to participate in the ICL, the rival league shut down in 2009.
The following are the members of the IPL GC: 1. Mr. Arun Singh Dhumal, Chairman 2. Mr. Jay Shah, Honorary Secretary, BCCI, Member 3. Mr. Ashish Shelar, Honorary Treasurer, BCCI, Member 4. Mr. Avishek Dalmiya, Member 5. Mr. Vankina Chamundeswara Nath, Member (ICA representative) 6. Mr. CM Sane, CAG Nominee, Member
The IPL has several rules which vary from the established Laws of cricket or those used in other Twenty20 leagues:
The 2022 season of the IPL offered total prize money of ₹46.5 crore (equivalent to ₹49 crore or US$6.2 million in
2023), with the winning team netting ₹20 crore (equivalent to ₹21 crore or US$2.7 million in 2023) and the
second-placed team ₹13 crore (equivalent to ₹14 crore or US$1.7 million in 2023). League rules mandate that half
of any prize money must be distributed amongst the franchise's players.
The Orange Cap, introduced in 2008, is awarded to the highest run-scorer at the end of each season. It is an
ongoing competition with the current highest-run scorer wearing the cap whilst fielding. The eventual winner keeps
the cap for the season. Brendon McCullum was the first player to wear the Orange Cap and Shaun Marsh the inaugural
winner of the award. Australian batsman David Warner has won the award three times, more than any other player.
Shubman Gill of Gujarat Titans, who scored 890 runs during the 2023 season, is the most recent winner of the
award.
The Purple Cap is awarded to the highest wicket-taker at the end of each season. It is an ongoing competition and
the bowler who is the leading wicket-taker wears a purple cap whilst fielding. The leading wicket-taker at the end
of the season wins the award. Bhuvneshwar Kumar, Dwayne Bravo and Harshal Patel are the only players to have won
the award twice.
The Maximum Sixes Award is presented to the player who hits the most sixes at the end of the season.