The Indian Premier League (IPL) is a professional Twenty20 Cricket league in India, officially Vivo Indian Premier League for sponsorship.

This contested during April and May of every year by teams representing Indian Cities.

IPL was founded by the Board of Control for Cricket in India (BCCI) in 2007 and is regarded as the brainchild of Lalit Modi, the founder and former commissioner of the league.

IPL became the first sporting event in the world to be broadcast live on YouTube in 2010.

The brand value of IPL in 2017 was US$5.3 billion, according to Duff & Phelps. According to BCCI, the 2015 IPL season contributed ₹11.5 billion (US$182 million) to the GDP of the Indian economy.

There have been ten seasons of the IPL tournament till 2017.

Indian Premier League: From 2007

The Indian Cricket League (ICL) was founded in 2007, funding by Zee Entertainment Enterprises. The ICL was not recognized by the Board of Control for Cricket in India (BCCI) or the International Cricket Council (ICC) and the BCCI were not pleased with its committee members joining the ICL executive board.

To prevent players from joining the ICL, the BCCI increased the prize money in their own.

The owners of the new league, an auction was held on 24 January 2008 with the total base prices of the franchises costing around $400 million.

At the end of the auction, the winning bidders were announced, as well as the cities the teams would be based in Bangalore, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mohali, and Mumbai. The franchises were all sold for a total of $723.59 million.

Some of the team composition rules (as of 2018 season) are as follows:

• The squad strength must be between 18 and 25 players, with a maximum of 8 overseas players
• The salary cap of the entire squad must not exceed ₹80 crore.
• Under-19 players not be picked unless they have previously played first-class or List A cricket
• A team can play a maximum of 4 overseas players in their playing eleven

IPL Tournament format: Double round-robin league and Playoffs

IPL Season and Winners:

IPL Awards:

Orange Cap

The Orange Cap is awarded to the top run-scorer in the IPL during a season. It is an ongoing competition with the leader wearing the cap throughout the tournament until the final game, with the eventual winner keeping the cap for the season.

Purple Cap

The Purple Cap is awarded to the top wicket-taker in the IPL. It is an ongoing competition with the leader wearing the cap throughout the tournament until the final game, with the eventual winner keeping the cap for the season.

IPL Title Sponsorship:

IPL 2018 – Indian Premier League

IPL 11, 2018 season of the Indian Premier League, a professional Twenty20 cricket league established by the BCCI in 2007. The season, which will be held from 7 April to 27 May, will see the return of the Chennai Super Kings and the Rajasthan Royals after serving two years of suspension for the involvement of their respective owners in the 2013 IPL betting case. This would be the first season with DRS.

Star Sports bagged the media rights at ₹16,347.5 crore ($2.55 billion) for five years starting from 2018.

IPL schedule 2018:

 IPL 2018 Teams:

Delhi Daredevils

Chennai Super Kings

Sunrisers Hyderabad

Rajasthan Royals

Royal Challengers Bangalore

Mumbai Indians

Kings XI Punjab

Kolkata Knight Riders

IPL 2018: Timetable, Full Schedule, Dates, and Venues