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Q.

What is this IPL funda? Can somebody briefly tell???

Tags: ipl funda
Asked by anupam trivedi, 20 Feb '08 12:17 pm
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Answers (3)

 
1.

The IPL will initially start with eight teams and will offer $3 million in prize money, making it the richest tournament in domestic cricket.

The IPL will be a franchise-model wherein corporates and sponsors will be allowed to buy and run teams. Player buy-outs will be an added feature, something that cricket is not accustomed to.

Under the franchise model, a sponsor wanting to have its team will pay a stipulated fee to the BCCI to get ownership. The franchisee will also have to share revenues with the cricket board, details of which were still being worked out.

The franchisee will, however, collect the gate money and the income from in-stadia advertisements, and at a later stage can list the team on the stock exchange and trade.

The teams will comprise minimum 16 players, but the number of foreign players, titled designated players, is yet to be determined. There will, however, be no cap on the salary being offered to the designated players and the teams can make buy-outs ...more
Answered by LALITKUMAR RANA, 20 Feb '08 12:22 pm

 
  
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2.

Agree with Mr. rana.
Answered by sumati gayki, 08 Oct '09 09:01 am

 
  
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3.

It is called indian premere league---
it is floated by indian cricket control board--
Answered by dhanendra kumar jain, 20 Feb '08 12:19 pm

 
  
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