IPL- Giant event of the world

By its acquisition of most players in the world of cricket, IPL has managed to move everything in its way like a thunder rumbling across. The attention that the IPL Cricket league is receiving has belittled the meagre reputation that the ICL managed to secure some time back and IPL has already done what it was conceived for.
The formation of the IPL cricket league is certainly not the result or aftermath of the Indian win over the Twenty20 World Cup which was initially termed as “a waste of time” by high officials in BCCI. It is due to the formation of the Indian Cricket League by some former Indian cricket players who wanted to move the monopoly of BCCI over Indian cricket that the concept of the IPL came around.
Taking inspiration from English Premier League, BCCI started the idea of Indian Premier League where the support of cricket boards of various countries has been sought. players from different countries have been allowed to play in the IPL Cricket League and they are being paid heavy sums for doing so.
Amounts so large are involved in both these ventures that using the word “enormous” will be underestimating them. Auctions of the players and the state teams in the IPL have attracted big business houses, Bollywood actors, millionaires from all over the world. It is the big names that are paying that have made all the difference in the IPL.
Cricket is considered to be more like a religion in India than just a sport. People have their passion with this game and passion is one virtue where everything else takes a backseat. With matches in this league to start in April 2008, everybody has their fingers crossed and is hoping for the great entertainment.
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IPL- The Stair of wealth for BCCI

The IPL 2010 has not yet started but all the matches schedule in India, it can be said that it is going to be a huge success. It’s like a Golden Goose for BCCI. It brought up a lot of money into their Treasure.
To start with ESD has bagged the theatrical rights of the Indian Premier League matches for the next 10 years which cost them Rs 330 crore.
Initially the craze started when the top Industrialists like Mukesh Ambani and Celebrities like Shah Rukh khan participated in the auction and successfully won the bids for owning the franchises in the Indian Premier League. The highest amount in this auction was for the Mumbai team. This team was successfully bid for an astonishing amount of $111.9 million by Reliance Industries Chairman Mukesh Ambani. The next highest was for the Bangalore team which was successfully bid for $111.6 million by the liquor king Vijay Malaya.
Then the craze got stimulated during the auction conducted for the players. All theIndian Premier League teams participated in this auction. The highest amount in this bid was $1.5 million for Indian Team captain MS Dhoni.
The TV rights for the Indian premier League were gone for an astonishing amount of $1 billion. These rights were successfully bid by the Sony and World Sport group for the next ten years.
The Umpiring rights for the Indian premier League were gone for $106 million. These rights were bought by the Kingfisher Airlines group. The Kingfisher people will be having their brand mark on the umpire costumes and also on the third umpire decision.
BCCI grabbed all the above money. They are using this money in a right way. The total prize money for the Indian Premier League is Rs. 12 crore. The winner in the final will get Rs.4.8 crore and the runner up will get Rs.2.8 crore. The teams which got till semifinals will get 1.2 crore.
This huge amount of money was never seen in the history of cricket. The prize money announced was three times the prize money of a cricket world cup. This is the main reason why the cricketers from all around the world are trying to make their place in the Indian Premier League.