Prize Money in Indian Premier League 2010 (IPL)

IPL - Indian Premier League, the other name of shower of money in the game of cricket for everyone. The beneficiary will not not only BCCI but players all around the world.

The overall prize money will be around Rs. 20 crore (US $5 million), with the winners taking home Rs. 8 crore ( US $2 million).

The remaining money will be up for grabs in different forms, like man of the match awards and cash prizes. By contrast, the winners of the 2007 ICC World Cup in the Caribbean took home Rs. 4 crore (US $1 million). The Indian team that won the World Twenty20 got half of that.

TV rights have already gone for over US $1 billion. Franchisees have already committed close to US $723 million. Top players are expected to earn minimum Rs. 4-6 crores per season.

Brand IPL touches the sky closer year by year

After capturing the hearts and minds of millions all across the world, Indian Premier League has now crossed another landmark.

According to a recent study by a UK-based brand valuation consultancy, the brand value of the IPL has more than doubled to USD 4.13 billion (over Rs 18,000 crore) from USD 2.01 billion in 2009.

Interestingly, brand IPL has a higher valuation than English Premier League club Manchester United, which is valued close to USD 3 billion.

"The IPL brand alone has risen significantly from the previous year's valuation providing tremendous economic value to its owner BCCI," Brand Finance, the brand valuation consultancy, said in a media release.

"In comparison to international benchmarks for sporting business such as EPL (English Premier League) which is valued at $12 billion, the IPL juggernaut, in a short span of 3 years, is valued at $4 billion and has the potential to grow further," said Unni Krishnan, Managing Director of Brand Finance India.

"A huge amount of intellectual property is being created by the complete IPL ecosystem which was sustained despite last year's difficult economic conditions. This demonstrates the exponential value of IPL and the brand potential in a cricket loving country like India and other global cricketing countries," Brand Finance said in a release.

The franchises have been a part of this growth. Chennai Super Kings, who were ranked fourth last year, has emerged the most valued franchise in 2010. The CSK franchise has moved up the ladder to number one with a valuation of USD 48.4 million. The Kolkata Knight Riders co-owned by Bollywood actor Shah Rukh Khan comes in second with a valuation of USD 46 million and the Rajasthan Royals, co-owned by Bollywood actress Shilpa Shetty comes in third with USD 45.2 million.

The Royal Challengers Bangalore, owned by Vijay Mallya, is ranked fourth with a valuation of USD 41.9 million and is followed by the Mumbai Indians (USD 40.8 million), Delhi Daredevils (USD 40.5 million) and Kings XI Punjab ( USD 36.1 million). The Deccan Chargers are at the base with a valuation of USD 34.4 million.

Pune and Kochi to play host to new IPL teams

Mumbai / Chennai: Sahara Adventure Sports, a Sahara Group company, and a consortium led by Solapur, Maharashtra-based Rendezvous Sports World Ltd will join the Indian Premier League (IPL) next year after bidding a combined $703.33 million (Rs3,200 crore) for the two franchises up for grabs in the Twenty20 cricket tournament.

Sahara Adventure Sports won the Pune franchise with a bid of $370 million. A consortium led by Rendezvous Sports walked away with the franchise for Kochi, at $333.33 million.

Both bidders won the franchises for the next 10 years, organizers said in Chennai.

In an indication of how much IPL has grown, the two new teams together fetched more than the total Rs2,840 crore that its existing eight franchises had been sold for in 2008. The minimum bid price had been fixed at $225 million per franchise this time, against $50 million in the first auction.

The cities that were up for grabs included Ahmedabad, Nagpur, Kanpur, Dharamsala, Visakhapatnam, Rajkot, Cuttack, Baroda, Indore and Gwalior. IPL had received five bids in all that qualified for the tender process.

Besides the winning Sahara offer, Pune attracted other bids—one from the Aman Group at $261.3 million and another from a consortium led by a Videocon Group company, VP Digital Solutions Pvt. Ltd, which bid $319.9 million. The consortium included Bollywood actors Saif Ali Khan, Kareena Kapoor and Karishma Kapoor, and Panchshil Realty.

Rendezvous Sports bid for Kochi along with Parinee Developers Pvt. Ltd, Anchor Earth, Film Waves and Anand Shah Developers.

Sahara Adventure Sports made an identical bid of $370 million for Ahmedabad, Nagpur and Pune. “They made the highest bid for all three cites and were asked to choose one of the cities. Accordingly, Pune will be their home ground,” said Lalit Modi, commissioner of IPL. “As far as IPL is concerned there is no recession at all. We will continue to be on upward trend,” he added. “I don’t foresee any (further) expansion (of the league) in many years to come, but then you never know.”

The new franchises will select their players in September and October. Modi said they, too, would be allowed only four non-Indian players on the field.

Sahara spokesman Abhijit Sarkar said: “Sahara is the biggest patron of sports in the country and we have been associated with the BCCI (Board of Control for Cricket in India) family for the last 15 years. So when we came to know about this proposition of cricket with business, we bid for IPL.”

The IPL commissioner had been reported to have said he was mulling over creating another IPL outside India. But on Sunday, he said there would be only one IPL, although some exhibition matches could be held outside the country.

Meanwhile, minister of state for foreign affairs Shashi Tharoor, who hails from Kerala, said he had no stake in the Kochi franchise. His role was confined to encouraging the consortium that eventually bagged the team.

The new team owners were to be announced on 7 March in Mumbai, but the process was deferred as IPL received only three bids that qualified.

Rajasthan Royals

Rajasthan Royals is the franchise that will represent the city of Jaipur in the Indian Premier League. The team will be led and coached by Shane Warne. There is no Icon Player for the team. This is the only IPL team to have a foreign captain and playing coach.

The Rajasthan Royals franchise is owned by Emerging Media group. The group acquired the franchise for $67 million.
Players

Rajasthan Royals was the least active franchise during the player auction. The team does not have a designated icon player, which saved a lot of cap space for the franchise. However the franchise was surprisingly low key during the auction, and in the end got penalized by the IPL organizing committee for failing to meet the minimum bidding criteria of $3.3 million. The highest bid by Rajasthan Royals was for the Indian middle order batsman Mohammad Kaif, who came off the board at $675,000. Shane Warne has been named the coach and captain of the side. The Royals are unique as they are the only side to have an English cricketer in their squad, Hampshire's all rounder Dimitri Mascarenhas.

Batsmen

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Graeme Smith - South Africa - Left-handed Batsman
*

Mohammad Kaif - India - Right-handed Batsman
*

Justin Langer - Australia - Left-handed Batsman
*

Younis Khan - Pakistan - Right-handed Batsman
*

Anoop Revandkar - India - Right-handed Batsman
*

Taruwar Kohli - India - Right-handed Batsman
*

Niraj Patel - India - Left-handed Batsman

Wicketkeepers

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Kamran Akmal - Pakistan - Right-handed Wicket keeper

All Rounders

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Yusuf Pathan - Pakistan - Right-handed Batsman/Right-arm leg-break
*

Dimitri Mascarenhas - England - Right-handed Batsman/Right-arm fast-medium
*

Shane Watson - Australia - Right-handed Batsman/Right-arm fast-medium
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Sohail Tanvir - Pakistan - Left-handed Batsman/Left-arm medium-fast
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Ravindra Jadeja - India - Left-handed Batsman/Left-arm orthodox spin
*

Siddharth Trivedi - India - Right-handed Batsman/Right-arm medium
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Swapnil Asnodkar - India - Right-handed Batsman/Right-arm off-break
*

Sumit Khatri - India - Left-handed Batsman/Right-arm off-break

Bowlers

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Shane Warne (Captain) - Australia - Right-arm off-break
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Munaf Patel - 24- India - Right-arm fast-medium
*

Morne Morkel - 30- South Africa - Right-arm fast
*

Pankaj Singh - 21- India - Right-arm off-break

Administration and Coaching Staff

Front Office:

* Owner - Emerging Media (Manoj Badale, Lachlan Murdoch, Suresh Chellaram)
* CEO - Fraser Castellino

Coaches:

* Head Coach - Shane Warne
* Physiotherapist - John Gloster

Mumbai Indians

Mumbai Indians will be representative of the city of Mumbai in the Indian Premier League. The team will be led by Sachin Tendulkar, also the Icon Player for the team and coached by Lalchand Rajput, the former Manager of the Indian Cricket Team.

Reliance Industries Limited through its subsidiary Reliance Retail Ltd purchased the rights for the Mumbai franchise of Indian Premier league for a total of $111.9 million during the auction on January 24, 2008. The RIL bid has made the Mumbai Indians the most expensive franchise in IPL.

The team logo has the Sudarshan Chakra with the team’s name engraved in it. The team’s colour will be blue. The choice of the name “Indians” for a regional competition is widely regarded as a blunder.

The mascot is still unknown.
Players

Sachin Tendulkar is the designated icon player and also captain for Mumbai Indians. During the player auction Mumbai Indians successfully bid for 7 players, including two of the heroes of Indian Twenty-20 world cup side in Harbhajan Singh and Robin Uthappa. Sanath Jayasuriya was also another prized catch, along with South African legend Shaun Pollock. The team also added the Sri Lankan speedster Lasith Malinga.

Outside of the player auction, the franchise has also signed up Ajinkya Rahane and Abhishek Nayar (from Mumbai), Yogesh Takawale (from Maharashtra) and Pinal Shah (from Baroda)

Batsmen

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Sachin Tendulkar (Captain) - India - Right-handed Batsman
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Robin Uthappa - India - Right-handed Batsman
*

Loots Botsman - South Africa - Right-handed Batsman
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Ashley Prince - South Africa - Left-handed Batsman
*

Manish Pandey - India - Right-handed Batsman
*

Saurabh Tiwari - India - Left-handed Batsman

Wicket Keepers

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Yogesh Takawale - India - Right-handed Batsman - Wicket keeper
*

Pinal Shah - India - Right-handed Batsman - Wicket keeper

All Rounders

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Sanath Jayasuriya - Sri Lanka - Slow left-arm orthodox spin
*

Shaun Pollock - South Africa -Right-arm medium-fast
*

Ajinkya Rahane - India - Right-arm medium

Bowlers

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Harbhajan Singh - India - Right-arm off-break
*

Lasith Malinga - Sri Lanka - Right-arm fast
*

Dilhara Fernando - Sri Lanka - Right-arm fast-medium
*

Abhishek Nayar - India - Right-arm medium-fast
*

Ashish Nehra - India - Left-arm fast-medium

Administration and Coaching staff

Front Office:

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Owner - Reliance Industries Limited
*

CEO - R Balachandran
*

President - Mukesh Ambani

Coaches:

*

Head Coach - Lalchand Rajput

Kings XI Punjab

Kings XI Punjab is a sports franchise based in Mohali in the eight team Indian Premier League. The team will be led by Yuvraj Singh who is also the Icon Player and coached by Tom Moody, the former Aussie all rounder.

The owners of Kings XI Punjab include Preity Zinta, Ness Wadia (Bombay Dyeing), Karan Paul (Apeejay Surendera Group) and Mohit Burman (Dabur). The group paid a total of $76 million to acquire the franchise.

India middle order batsman Yuvraj Singh is the designated icon player for the Kings XI Punjab and he will also captain the team. In addition to Yuvraj, the team also contains the promising Indian allrounder Irfan Pathan, Aussie speedster Brett Lee and the Sri Lankan duo of Mahela Jayawardene and Kumar Sangakkara in its ranks.
Players

India middle order batsman Yuvraj Singh is the designated icon player for the Kings XI Punjab and he will also captain the team. In addition to Yuvraj, the team also contains the promising Indian allrounder Irfan Pathan, Aussie speedster Brett Lee and the Sri Lankan duo of Mahela Jayawardene and Kumar Sangakkara in its ranks.

Batsmen

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Yuvraj Singh (Captain) - India - Left-handed Batsman
*

Mahela Jayawardene - Sri Lanka - Right-handed Batsman
*

Ramnaresh Sarwan - West Indies - Right-handed Batsman
*

Simon Katich - Australia - Left-handed Batsman
*

Luke Pomersbach - Australia - Left-handed Batsman
*

Karan Goel - India - Left-handed Batsman
*

Tanmay Srivastava - India - Left-handed Batsman
*

Sahil Kukreja - India - Right-handed Batsman
*

Wilkin Mota - India - Right-handed Batsman
*

Yash Gandhi - India - Right-handed Batsman
*

Sunny Sohal - India - Right-handed Batsman

Wicketkeepers

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Kumar Sangakkara - Sri Lanka - Left-handed Wicket keeper
*

Nitin Saini - India - Right-handed Wicket keeper
*

Pankaj Dharmani - India - Right-handed Wicket keeper
*

Uday Kaul - India - Right-handed Wicket keeper

All Rounders

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Irfan Pathan - India - Left-handed Batsman/Left-arm medium-fast
*

Ramesh Powar - India - Right-handed Batsman/Right-arm off-break
*

James Hopes - Australia - Right-handed Batsman/Right-arm medium

Bowlers

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Brett Lee - Australia - Right-arm fast
*

Shanthakumaran Sreesanth - India - Right-arm fast-medium
*

Piyush Chawla - India - Right-arm leg-break
*

Vikram Raj Vir Singh - India - Right-arm fast-medium
*

Kyle Mills - New Zealand - Right-arm fast-medium
*

Ajitesh Argal - India - Right-arm medium
*

Mohammed Mudasir - India - Right-arm medium

Administration and Coaching Staff

Front Office:

*

Owners - Preity Zinta, Ness Wadia, Karan Paul & Mohit Burman
*

CEO - Neil Maxwell
*

President - TBA

Coaches:

*

Head Coach - Tom Moody .

Kolkata Knight Riders

Kolkata Knight Riders is the franchise representing Kolkata in the Indian Premier League. The team will be led by Sourav Ganguly, also the Icon Player for the team and coached by John Buchanan. The name of the team was revealed on March 10, 2008 with an official team unveiling ceremony on March 11, 2008. The official theme of the team is Korbo, Lorbo, Jitbo Re (We will do it, Fight for it, Win it) and the official colours are black and gold.

Kolkata Knight Riders is a franchise of the eight team Indian Premier League. It was bought on January 24, 2008 by Bollywood actor Shah Rukh Khan's Red Chillies Entertainment in partnership with Juhi Chawla and her husband, Jai Mehta.

The logo of the team consist of a blazing golden viking helmet against a black background with the name of the team Kolkata Knight Riders written in gold. The main theme of the team Korbo, Lorbo, Jitbo Re (We will do it, Fight for it, Win it) has been created by Vishal-Shekhar duo. A Knight Rider album with several singers and music composers including Usha Uthup and Bappi Lahiri will also be created. The tag line of the team is All the King's Men. The team's official colour is black and gold. Black stands for the courage of Maa Kali and gold stands for the spirit of winning. The jersey was created by Bollywood fashion designer Manish Malhotra. The team also has a mascot named Hoog Lee, who is a lazy Royal Bengal Tiger and loves to eat burgers. The name was chosen after lot of research. The name Knight Riders has been chosen keeping in view of the kids and the youth., and is a obvious reference to the famous television show. Incidentally the Kolkata team playing in the ICL (the rebel league) is named as "Kolkata Tigers".
Players

Sourav Ganguly, the former captain of the Indian cricket team is the icon player and will lead the Kolkata franchise. Also in the team is allrounder Chris Gayle and wicket keeper batsman Brendon McCullum. The most successful captain in world cricket Ricky Ponting follows suit with a bowling attack including Shoaib Akhtar, Ishant Sharma, Umar Gul. Others include Ajit Agarkar, Murali Karthik and David Hussey.

Batsmen

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David Hussey - Australia - Right-handed Batsman
*

Ricky Ponting - Australia - Right-handed Batsman
*

Salman Butt - Pakistan - Left-handed Batsman
*

Akash Chopra - India - Right-handed Batsman
*

Cheteshwar Pujara - India - Right-handed Batsman
*

Rohan Banerjee - India - Left-handed Batsman
*

Yashpal Singh - India - Right-handed Batsman
*

Debabrata Das - India - Right-handed Batsman

Wicketkeepers

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Brendon McCullum - New Zealand - Right-handed Wicket keeper
*

Tatenda Taibu - Zimbabwe - Right-handed Wicket keeper
*

Wriddhiman Saha - India - Right-handed Wicket keeper

All Rounders

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Sourav Ganguly (Captain) - India - Left-handed Batsman/Right-arm medium
*

Chris Gayle - West Indies - Left-handed Batsman/Right-arm off-break
*

Ajit Agarkar - India - Right-handed Batsman/Right-arm fast-medium
*

Mohammad Hafeez - Pakistan - Right-handed Batsman/Right-arm off-break
*

Iqbal Abdulla - India - Left-handed Batsman/Left-arm orthodox spin
*

Laxmi Ratan Shukla - India - Right-handed Batsman/Right-arm fast-medium

Bowlers

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Ishant Sharma - India - Right-arm fast-medium
*

Shoaib Akhtar - Pakistan - Right-arm fast
*

Murali Kartik - India - Left-arm orthodox spin
*

Umar Gul - Pakistan - Right-arm fast-medium
*

Siddarth Kaul - India - Right-arm medium
*

Ranadeb Bose -India - Right-arm fast-medium
*

Sourashish Lahiri - India - Left-arm orthodox spin

Administration and Coaching Staff

Front Office:

*

Owners - Shah Rukh Khan, Juhi Chawla & Jai Mehta
*

CEO - TBA
*

President - TBA

Coaches:

*

Head Coach - John Buchanan
*

Assistant Head Coach - Matthew Mott
*

Physiotherapist - Andrew Leipus
*

Physical Trainer - Adrian Le Roux