The Launch

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.

Total Prize money : $3 million

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.

Eight clubs will play in the IPL’s first season, starting 18th of this month, with a tournament among the clubs which will last for 44 days and all the matches would be played on home and away basis. A total of 59 matches will be played with 177 hours of entertainment with a Super Saturday in which both the semi-finals and the final will be played on the very same day. The total prize money for Indian Premier League will be $3 million.

Its final leg will be called Champions Twenty20 League and all the finalists from across the World will play in this Champions League. The champion team in the Champions Twenty20 league will get $5 million, highest ever for a cricket event.

Governing body

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.

The Champions Twenty20 league is slated to be played in the first week of October 2008. The aim of the league is to revitalize domestic cricket. Apart from India, Six domestic teams from three nations have confirmed their participation in the first Twenty20 League which included Australia, England and South Africa.

Guidelines to follow

All these things will be run under the rules and regulations of BCCI. There are certain mandatory guidelines for the franchisees to follow:
• Clubs (Franchisee) should have their home ground.
• Each club can have a maximum pool of 16 players.
• Clubs must have four Under-21 youth players in their Pool of 16.
• Four players must belong to the territory where club was located or instituted.
• Each foreign player will be named ‘designated player’ and will be purchased through open bidding among the clubs for their next season.
• All the matches will be played under floodlights.
• An Inter and Intra division should be played among the said clubs.
• Intra division matches would be played on weekends while inter division matches will be played on weekdays.

The Franchisees

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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