The INDIAN PREMIER LEAGUE (IPL), created by the BOARD OF CONTROL FOR CRICKET IN INDIA (BCCI) and sanctioned by the INTERNATIONAL CRICKET COUNCIL (ICC), is a TWENTY-20 competition. It was announced after the BCCI declined permission to allow BCCI-contracted players to play in the INDIAN CRICKET LEAGUE (ICL).
The league 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’s (US $3million).
Each team will have a pool of 16 players, of whom four will be international and four from the Under-19 level or from the catchment area where the team is based.
The governing council consists of Chairman and Commissioner
LALIT MODI,
SUNIL GAVASKAR,
MAK PATAUDI,
RAVI SHASTRI,
RAJIV SHUKLA,
CHIRAYU AMIN,
INDERJIT SINGH BINDRA &
ARUN JAITLEY.
Although it is going to be a franchise system, some foreign players have already been contracted by the BCCI to play in the IPL.
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