Initially the Indian Premier League was started by BCCI to oppose the Indian Cricket League started by the Zee Network. But now it has reached to a height where the Indian Cricket League is no where in front of the Indian Premier League.
Initially the craze for the Indian Premier League started during the auction conducted for the franchises. Top Industrialists like Mukesh Ambani, Vijay Malaya and Celebrities like Shah Rukh Khan, Preethi Zinta participated and successfully won the bids.
The highest amount in this auction was for Mumbai team which was bid for $111.9 million by the reliance group chairman, Mukesh Ambani. The second highest amount was for the Bangalore team which was bid for $111.6 million by the liquor King Vijay Malaya.
The TV rights for the Indian Premier League were grabbed by the Sony and world sport group for an astonishing amount of $1 billion for the next ten years.
The actual craze started after the auction for the Players where the owners of the Franchises auctioned for the players. The highest amount in this auction was for Indian team Captain Mahendar Singh Dhoni who was successfully bid by the Chennai Super kings for an amount of $1.5 million. The second highest amount was for Andrew Symonds, Australian All-rounder who was successfully bid for $1.35 million by the Deccan Chargers.
Recently the Umpiring rights for the Indian Premier League were auctioned and they were successfully bid by the Kingfisher group chairmen, Vijay Malaya for an amount of $106 million.
Recently the Indian Premier League teams names are announced and all the franchise owners are excited about this.
Article Source: http://EzineArticles.com/?expert=Aravind_Gade_Reddy
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