INDIAN PREMIER LEAGUE 2019
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INDIAN PREMIER LEAGUE 2019
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On thirteen Gregorian calendar month 2007, the BCCI declared the launch of a franchise-based Twenty20 cricket competition known as Indian Premier League whose 1st season was slated to begin in Apr 2008, in a "high-profile ceremony" in Indian capital.
BCCI vice-president Lalit Modi, same to be the mastermind behind the concept of IPL, spelled out the small print of the tournament together with its format, the award, franchise revenue system and squad composition rules.
It absolutely was additionally discovered that the IPL would be pass a seven-man governing council composed of former Asian nation players and BCCI officers, which the highest 2 groups of the IPL could qualify for this year Champions League Twenty20.
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Modi additionally processed that they had been performing on the concept for 2 years which IPL wasn't started as a "knee-jerk reaction" to the ICL.The league's format was kind of like that of the Premier League of England and also the NBA within the u.s.
In order to make a decision the house owners for the new league, associate auction was persisted twenty four January 2008 with the overall base costs of the franchises cost accounting around $400 million. At the top of the auction, the winning bidders were declared, still because the cities the groups would be primarily based in urban center, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mohali, and Mumbai. within the finish, the franchises were all oversubscribed for a complete of $723.59 million.The Indian Cricket League before long accordion in 2008.
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