Iplt20 - cricket news & updates |icc cricket world cup - 2011 schedules & cricket news in Chandīgarh
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IPL T20 The Indian Premier League, was a domestic professional Twenty20 Cricket competition in India. It was 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 included 10 teams (franchises) consisting of players from different countries. It was started after an altercation between the BCCI and the Indian Cricket League.http://iplt20-2011.comFranchisesThe winning bidders for the eight franchises were announced on 24 January 2008.While the total base price for auction was US $400 million, the auction fetched US $723.59 million.On 21 March 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League. The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise was bought by Rendezvous Sports World Limited for $333.3 million. The process was to have been completed on March 7 but was postponed by two weeks after many bidders and the BCCI objected to stiff financial clauses.The second franchise auction fetched total $703 million.SponsorshipsIndia's biggest property developer DLF Group paid US$50 million to be the title sponsor of the tournament for 5 years from 2008 to 2013.Other five-year sponsorship agreements include a deal with motorcycle maker Hero Honda worth $22.5-million, one with PepsiCo worth $12.5-million, and a deal with beer and airline conglomerate Kingfisher at $26.5-million.Find IPLT20 - Cricket News & Updates, ICC Cricket World Cup, 2011 Cricket schedules, Cricket News & teams from IPL Cricket, Venues, IPL Schedule, IPL Tickets, IPL T20 Players, records, IPL Matches, IPL2011- Maps root, Stadium , Live Cricket Scores, Cricket News & Updates, Participate Team - IPL. Includes Cricket - ICC Cricket World Cup, 2011 Schedules & Cricket News, Cricket photos, IPL T20 Cricket IPL T20, Twenty20 Cricket team standings and more from World Cup & IPLT20! Cricket.http://iplt20-2011.com
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