IPL, the Indian Premier League, is a professional cricket tournament played in T20 format. It is focused on revenue-sharing amongst all participating teams. It got its fame with the inaugural tournament in 2008, which was held in South Africa.

IPL has emerged as one of the most talked-about sporting leagues worldwide owing to its stellar broadcasting contracts. International Cricket Council (ICC) ranking, and IPL is being considered the richest cricket league in history.

Understand the History of IPL

The concept of IPL was born in 2007 by BCCI (Board of Control for Cricket in India). The idea was developed by Lalit Modi, a former BCCI official. To bring transparency and professionalism into Indian cricket, the BCCI introduced IPL as a private limited company.

It had eight teams from all over India that the BCCI had given those rights. Each franchise was supposed to have a net worth of US$ 70 million and a minimum capital base of US$ 40 million, though nearly all the teams had more than these figures.

The first season of the tournament was played in April-June of 2008. In the inaugural season, eight teams competed for a prize pool of US$ 60 million. Rajasthan Royals won the tournament after defeating Chennai Super Kings in the final held at Centurion.

In October 2008, Sahara India Pariwar acquired a controlling stake in Pune Warriors India and entered into a partnership with South Africa’s Global Cricket Holdings to form a new company called Cricket South Africa which would control the ownerships of any future IPL franchises based outside India.

How is IPL played?

The IPl is contested in a round-robin format where each team plays a match with each other twice. The matches are held on a home and away basis. This is the league stage of the IPL, where all the teams fight to come to the top of the table with more wins and points.

Next, the four top teams of the table or the league reach the playoffs stage. Then, the first two teams of the IPL play the qualifier. In this, whoever wins the match reaches the final of the IPL, and other teams will get one more chance.

Finally, the third and fourth position team plays the eliminator, which means that the team losing the match will be eliminated out of the tournament.

The winner of the eliminator round and the loser team of qualifier one again play the match, called qualifier 2. The team winning this matchbook his seat to the finals and will play the final with the winning team of qualifier 1. This is how IPL is contested in stages.

Records Sets In IPL

IPL is a most interesting league that has made cricket famous over the wide world. It is one of the most competitive leagues as all the greatest cricket players from overseas plays in this tournament. So it is obvious that there will be many records in IPL that would be hard to break for all other players.

• Virat Kohli, who is the first player to score 5000 runs in IPL, also has the most runs in the bag since IPL.
• The highest individual batting score goes to Chris Gayle, and he has scored 175 runs in a single match of IPl.
• Chris Gayle has scored most sixes and most centuries in the history of IPL.
• AB de Villiers has a record of winning the number man of the match award, and he has won it 24 times in his whole IPL career.
• Lasith Malinga is the greatest bowler of all time and holds the record of 170 wickets in IPL.
• RCB holds the record of setting the highest total in a match. They have scored a huge total of 263 against PWI.
• Mumbai Indian is considered to be the most successful team of the IPL. Mumbai have won the IPL trophy five times. Chennai Super Kings have won it four times, and Kolkata Night Riders won it two times.

The Indian Premier League (IPL) is a popular sporting event played in India that attracts spectators worldwide. The IPL was born in 2008 and has been growing rapidly ever since, with popularity around the globe reaching new heights with every passing year.

IPL’s popularity has continued to grow since then, and so have its corporate sponsors. Many corporate houses have sponsored IPL to promote their brands and products across the world. IPL has also been supported by many celebrities who love wearing branded merchandise during IPL games.