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The launch had been attended by all the members of Test playing nations including ICC President Ray Malli, Indian cricket stars Sachin Tendulkar, Sourav Ganguly, Anil Kumble and Skipper Rahul Dravid. New Zealand’s Stephen Fleming along with Australia’s Glen Mcgrath and Shane Warne were also present on the occasion. They had confirmed their association with the league.
According to the BCCI Vice President Lalit Modi the IPL will work in a similar pattern to Britain’s English Premiership League where clubs are the franchisees of BCCI and players of the said clubs will be sold and purchased like any professional club. BCCI has penned down a draft and format of the IPL.
The league will be run by separate Governing body which will independently manage the affairs of the IPL, which comprises I.S. Bindra, Chirayu Ameen, Arun Jaitly, Rajeev Shukla, MAK Pataudi, Sunil Gavaskar Ravi Shastri and Lalit Modi as their members. The integration of accounts of IPL will be done on annual basis. There will be separate office for the IPL at the MCA’s newly constructed Cricket House.
All these things will be run under the rules and regulations of BCCI. There are certain mandatory guidelines for the franchisees to follow:
The clubs are formed by the BCCI and the franchisees paid the Board to form a club. There are two divisions for the franchisees namely South and North. All the franchisees are given territorial exclusivity so that nobody can interfere in their own area regarding player’s registration etc. The last but not the least as all the matches will be played under the rules and regulations of ICC.










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