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Indian Premier League

The Indian Premier League (IPL) (also known as the "DLF Indian Premier League"), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI) and sanctioned by the International Cricket Council (ICC). The first edition of the Indian Premier League starts on 18 April 2008. Its tagline is
"8 teams, without any players, only warriors " "IPL MANORANJAN KA BAAP" (Father of entertainment) "Cricket ka Karamyuddh"
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On 15 January 2008 it was announced that a consortium consisting of India's Sony Television network and Singapore-based World Sport Group secured the global broadcasting rights of the Indian Premier League. The record deal has a duration of ten years at a cost of US$1.026 billion. As part of the deal, the consortium will pay the BCCI US$918 million for the television broadcast rights and US$108 million for the promotion of the tournament.
Indian real estate developer DLF Universal secured exclusive rights to the Indian Premier League title sponsorship worth INR 200 crore (over US$50 million) for five years.
The winning bidders for the eight franchises were announced on 24 January 2008. While the total base price for auction was US$400 million, the auction fetched US$723.59 million. The official list of franchise owners announced and the winning bids were as follows:
Commissioner - Lalit Modi
Born on November 29, 1963, Delhi, India, Lalit Kumar Modi has been the President of Rajasthan Cricket Association and Vice President of the Board of Control for Cricket in India. He holds the position of Commissioner in the Indian Premier League. He is credited with the creation and success of the IPL. He is the scion of Modi Enterprises a 4000-crore group, the industrial conglomerate founded in 1933, it has interests in agro-chemicals, tobacco, tea and beverages, education, entertainment and marketing.