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The Indian Premier League (IPL) is an Indian professional league for men's Twenty20 cricket clubs with double round- robin and playoffs. Without any Twenty20 cricket league system, it is India's primary Twenty20 cricket club competition. Currently contested by eight clubs, it does not operates on a system of promotion and relegation. Only Indian clubs are qualify to play in the Premier League. Seasons run in the Indian summer spanning between April and June, with most games are played in the afternoons. The competition was formed by the Board of Control for Cricket in India (BCCI) in 2008 after an altercation between the BCCI and the now-defunct Indian Cricket League.[1] The Premier League is headquartered in Mumbai,Maharashtra,[2][3] and is currently supervised by BCCI Vice-President Ranjib Biswal, who serves as the League's Chairman and Commissioner.[4] The Premier League is the most-watched Twenty20 cricket league in the world. It is generally considered to be the highest- profile showcase in the world for Twenty20 club cricket, the shortest form of professional cricket with just 20overs per innings. IPL is as well known for its commercial success and for the quality of Twenty20 cricket played. During the sixth IPL season (2013) its brand value was estimated to be around US$3.03 billion.[5][6] Live rights to the event are syndicated around the globe, and in 2010, the IPL became the first sporting event to be broadcast live on YouTube.[7] It is currently sponsored by Pepsi and thus officially known as the Pepsi Indian Premier League.[8] Two eligible bids were received, with Pepsi winning over Airtel with a bid of 3968 million.[9]However, the League has been the subject of several controversies where allegations of cricket betting, money laundering and spot fixing were witnessed.[10][11] Of the 11 clubs to have competed since the inception of the Premier League in 2008, five have won the title:Chennai Super Kings (2), Rajasthan Royals (1), Deccan Chargers (1), Kolkata Knight Riders (1) and Mumbai Indians (1).
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