Indian Premier League

The Indian Premier League (often abbreviated as IPL), is a Twenty20 cricketcompetition initiated by the Board of Control for Cricket in India (BCCI) headquartered in Mumbai and supervised by BCCI Vice President Chirayu Amin, chairman & commissioner for IPL, and CEO, Sundar Raman. It presently includes 10 teams (franchises) consisting of players from different countries. It was started after an altercation between the BCCI and the Indian Cricket League.

In 2010, IPL became the first sporting event ever to be broadcast live on the popular video sharing website YouTube. Its brand value was estimated to be around $4.13 billion (over Rs 18,000 crore) the same year. According to global sports salaries review, IPL is the second highest-paid league, based on first-team salaries on a pro rata basis, second only to the NBA. It is estimated that the average salary of an IPL player over a year would be £2.5 million.