History of IPL (League organisation)


League organisation [edit]

Franchises [edit]

The winning bidders for the eight franchises were announced on 24 January 2008.[23] While the total base price for auction was US $400 million, the auction fetched US $723.59 million.[24]
On 21 March 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise was bought by Rendezvous Sports World Limited for $333.3 million. The process was to have been completed on 7 March but was postponed by two weeks after many bidders and the BCCI objected to stiff financial clauses.[25] The second franchise auction fetched total $703 million.
The rights to the Hyderabad franchise were awarded to the Sun TV Network in October, 2012.[26]
Indian Premier League is located in India
Chennai Super Kings
Mumbai Indians
Pune Warriors India
Royal Challengers Bangalore
Delhi Daredevils
Kings XI Punjab
Rajasthan Royals
Kolkata Knight Riders
Sunrisers Hyderabad
Locations of IPL teams

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