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BCCI Launches Indian Premier League a mega million dollar Twenty20 domestic cricket

The BCCI took a great step ahead in the launching of its mega million dollar new 20-20 domestic cricket structure aptly named the Indian Premier League with the naming of the eight city franchises and their owners, a mix of the biggest names in business and Bollywood. The auction conducted by the Indian cricket board fetched a massive $730 million dollars almost twice as much of the expected $400 million dollars with Mumbai fetching the maximum cash into the BCCI coffers.

The auction saw the interest of some of the biggest names in Indian entertainment and business world come together as most of the teams were acquired by some of the biggest media barons and Bollywood names. Shah rukh Khan acquired the Kolkotta Tigers franchise for a massive $73 million while an even higher price tag was given by Ness Wadia and the sexy Bollywood actress Preity Zinta for the ownership of the Chandigarh unit. Other big names involved were the owner of UB Group the flamboyant Vijay Mallaya who flashed out in excess of $70 million for the rights of Bangalore and the Hyderabad based newspaper Deccan Chronicle which paid the BCCI a massive $107 million the rights of team Hyderabad.

However the highest price paid for a team was a whopping $111 million paid by the richest Indian in the world Mr. Mukesh Ambani for the acquisition of team Mumbai. The IPL is touted by BCCI's response to rival group Zee's Indian cricket league which has taken away some of the most promising youngsters of the game from Indian domestic circuit and is touted to be the next big thing since Kerry Parker's revolution three decades back.

Some of the biggest players in modern cricket are expected to play a part in this series with players like Shaun Pollock, Graeme Smith, Shane Warne, Glenn McGrath all expected to be auctioned to different teams in what represent a big financial windfall for both the players and the Indian cricket board. However Sachin Tendulkar, Sourav Ganguly, Yuvraj Singh and Rahul Dravid will not be auctioned as they are expected to play for their respective state teams in the upcoming championship. The inaugural IPL is expected to have eights teams participating and will be held in the best grounds of India with a total of forty nine exciting 20-20 matches expected to be play in what is expected to be a mega success. The BCCI is yet to give the media rights for the competition and this is expected to bring a lot more cash into clash filled coffers of the World's richest cricketing body.

The IPL kicks off during the month of April and millions of cricket fanatics across the world will be counting away days anxiously before they can follow these exciting matches through print and live online scores. Further more the BCCI is also expected to give web telecast rights pretty soon and this is expected to widely increase the number of people who log in to watch India live online via online cricket streaming services.

Tags:- BCCI   Indian Premier League   IPL   Mukesh Ambani   Ness Wadia   Preity Zinta   Rahul Dravid   Sachin Tendulkar   Sourav Ganguly   Vijay Mallaya   Yuvraj Singh  

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