The Truth behind IPL !

The inaugural 2008 tournament started on 18 April 2008 in Bangalore and lasted for 46 days, with 59 matches scheduled, out of which 58 took place and 1 was washed out due to rain

The IPL is predicted to bring the BCCI income of approximately US billion, over a period of five to ten years. All of these revenues are directed to a central pool, 40% of which will go to IPL itself, 54% to franchisees and 6% as prize money. The money will be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%.

Television rights-

On 15 January 2008 it was announced that a consortium consisting of India’s Sony Entertainment 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 .026 billion. As part of the deal, the consortium will pay the BCCI US 8 million for the television broadcast rights and US 8 million for the promotion of the tournament. Broadcast Live on Setanta.

20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be distributed in these proportions until 2012, after which the IPL would go public and list its shares.

Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting rights around the world……..
Winning Bidder     Regional Broadcast Rights     Terms of Deal
Sony/World Sport Group
Global Rights, India     10 years at USD 1.026 Billion

Network Ten (ONE)     Free-to-air television in Australia     5 years at AUD 10-15 Million.[9]
Sky Network Television     New Zealand broadcast rights     Terms not released
Setanta Sports
United Kingdom and Ireland on a subscription basis     5 years, terms not disclosed.[10]
Arab Digital Distribution     Middle East broadcast rights on ADD’s ART Prime Sport channel. Will broadcast to United Arab Emirates, Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Palestine, Saudi Arabia, Syria, Turkey, Algeria, Morocco, Tunisia, Egypt, Sudan, Libya and Nigeria.     10 Years, terms not released.

Willow TV     Rights to distribute on television, radio, broadband and Internet, for the IPL in North America.  5 years, terms not released.

SuperSport
South Africa and Nigeria broadcast rights     Terms not released
GEO Super
Pakistan broadcast rights     Terms not released
Asian Television Network
Canadian broadcast rights. Aired on ATN’s CBN & ATN Cricket Plus channels on a subscription basis. Aired on XM Radio’s ATN-Asian Radio as well.     5 years, terms not released.

In India, the IPL has become one of the most popular events of the year. Around the world, reception has varied. In Pakistan the reception was described by Pakistani cricinfo editor Osman Samiuddin as ‘massive’, suggesting that it attracted even non-regular cricket followers and that the popularity of the Kolkata Knight Riders was great.[14] GEO Super telecasted the matches and also included a popular show called Inside IPL. A similar positive reaction was seen in Sri Lanka, with interest in the Mumbai Indians being large due to the presence of cricket hero Sanath Jayasuriya. Bangladesh has also positively reacted despite only one Bangladeshi player being involved. The Knight Riders were the most popular team. These subcontinental countries were also helped in that the time-slot of the matches fitted in with prime time in these nations.

South Africa has seen moderate viewership of the IPL, and by many accounts viewers have found it enjoyable. However, many were unable to relate to any of the teams, although a large number simply supported Mumbai Indians because of the presence of Shaun Pollock. The timing worked in South Africa but the IPL did not overcome the power of Premier League football or rugby. In England, although the country’s governing body did not allow its players to take part, the IPL was very popular with those who had access to the cable television channel that aired the games.

In the West Indies, the IPL became so popular that it, according to Vaneisa Baksh, threatened to overtake test cricket completely in ‘certain sections of West Indian fans’. While free-to-air coverage has not been complete and it has not ignited passions, it has remained a popular watch.

The IPL was less popular in Australia and New Zealand, mainly due to the time zone differences. Nevertheless, the IPL consistently won its free-to-air timeslot of 8:30 P.M. and 12:30 A.M. Australian Time, and 10:30 P.M. and 2:30 A.M. New Zealand Time for subscription TV.

Rules-

 

The official rules for the tournament are here.

There are five ways that a franchise can acquire a player. In the annual auction, buying domestic players, signing uncapped players through trading and buying replacements. In the trading window the player can only be traded with his consent. The franchise will have to pay the difference between the old contract price and the new contract price. If the new contract is worth more than the older one then the difference will be shared between the player and the franchise selling the player.[17]

Some of the Team composition rules are:

* Minimum squad strength of 16 players plus one physio and a coach.
* No more than 8 foreign players in the squad and at most 4 in the playing XI.For the 2009 edition franchises are allowed 10 foreign players in the squad. The number allowed in the playing XI remains unchanged at 4.
* A minimum of 8 local players must be included in each team.
* A minimum of 2 players from the BCCI under-22 pool in each team.

The players accorded “icon” status are: Sachin Tendulkar, Rahul Dravid, Sourav Ganguly, Yuvraj Singh and Virender Sehwag . The total spending cap for a franchisee in the first player auction was US m. Under-22 players are to be remunerated with a minimum annual salary of US ,000 while for others it is US ,000. Icon players are to be paid 15% more than the highest paid player in their respective teams.

After the success of the first season, it has been reported that four new franchises will join the IPL in 2010-11, increasing the total number of teams to 12. The new confirmed franchises will be based in Ahmedabad and Kanpur, with Anil Ambani’s name associated with.