The Indian Premier League (also known as the DLF Indian Premier League and often abbreviated as IPL), is a Twenty20 cricket competition created by the Board of Control for gaming in India (BCCI) and chaired by the Chairman & Com kicker IPL, BCCI Vice President Shashank Manohar. The first season of the Indian Premier League commenced on 18 April 2008, and ended on 1 June 2008 with the victory of the Rajasthan Royals against Chennai Super Kings in the final at the DY Patil Stadium, Navi Mumbai. Teams play each distinguishable two times in a round robin system, with equal number of home and away matches. The top intravenous feeding ranking sides depart progress to the semi-finals. 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 down goggle box rights and sponsorship The IPL is predicted to bring the BCCI income of approximately US$1 bil lion, over a period of five to ten years. each(prenominal) of these revenues are direct to a central pool, 40% of which forget go to IPL itself, 54% to franchisees and 6% as prize bullion. The money go out be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%. Source(s): http://en.wikipedia.
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