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It is amulti-billion dollar affair, which is not all about cricket. It is also loadedwith glamour, entertainment and passion. This provides the ultimate fiesta toall the cricket fans in
There are eightteams representing various regions of
1.
2. Rajasthan Royals
3. Kolkata Knight Riders
4. Kings XI Punjab
5. Mumbai Indians
6. Chennai Super Kings
7. Royal Challengers
8.
Lalit Modi, isthe chairman of this league. It has emerged as the richest cricket leaguebecause it offers US$ 12 million prize money to the winning team. Therunner-ups will get US$ 6 million. Two teams who lose the semi-finals will earnUS$ 3 Million each. Even the teams who lose the game will also receiveattractive prize money of US$ 1 Million.
The titlesponsor for the league was won by Indian real estate tycoon, DLF Universal.Hence, the IPL is also called DLF IPL cricket. All the teams are sold to bignames like Shah Rukh Khan, Pretiy Zinta, etc, through bidding. All expenses ofthe team are to be handled by these people, as they are the owners of theirrespective teams.