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Indian Premier League (IPL)

Posted by Kokolicious on February 20th, 2008

If you thought cricket was big, wait for this. The IPL promises to be bigger than anything India has ever seen. We give the inside-out of this billion-dollar baby.

What is the Indian Premier League?

The Board of Control for Cricket in India (BCCI) launched the Indian Premier League (IPL) on September 14, 2007. Based on the lines of the English Premier League (EPL) and the National Basketball League (NBA), the IPL is said to be the brainchild of BCCI vice-president Lalit Modi. The idea was first floated in 1996 but was shot down as the board felt it would go against the zonal system of domestic cricket. The project moved into top gear when the Zee group launched a rival Indian Cricket League on similar lines in April 2007.

The following are the bid amounts and winners for various teams in the Indian Premier League:

Vijay Mallya
Vijay Mallya won the bid for the Bangalore team for $111.6 million.

Shahrukh Khan
Shah Rukh Khan won the bid for the Kolkata team for $75.09 million.

GMR Group
GMR Holdings won the bid for the Delhi team for $84 million.

Mukesh Ambani
Mukesh Ambani won the bid for the Mumbai team for $111.9 million.

India Cement
India Cements won the bid for the Chennai team for $91 million.

Deccan Chronicle
Deccan Chronicle won the bid for the Hyderabad team for $107.01 million.

Emerging Media
Emerging Media won the bid for the Jaipur team for $67 million.

Preity Zinta Ness Wadia
Preity Zinta and Ness Wadia won the bid for the Mohali team for $76 million, reportedly.

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