The Indian Premier League  is a Twenty20 cricket competition initiated by the Board of Control for Cricket in India (BCCI) and supervised by BCCI Vice President Lalit Modi, chairman & commissioner for IPL, and CEO, Sundar Raman. It presently includes 8 teams (franchises) consisting of players from different countries. It was started after altercation between the BCCI and the Indian Cricket League.

It was the first sporting event ever to be broadcast live on the popular video sharing website Youtube.The Indian Premier League's brand value was estimated to be around $4.13 billion (over Rs 18,000 crore) in 2010.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 league. It is calculated that the average salary of IPL over a year is £2.5 million.

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