If you thought cricket was big, wait for this. The IPL promises to be bigger than anything India has ever seen. We give the inside-out of this billion-dollar baby…
What is the Indian Premier League?
The Board of Control for Cricket in India (BCCI) launched the Indian Premier League (IPL) on September 14, 2007. Based on the lines of the English Premier League (EPL) and the National Basketball League (NBA), the IPL is said to be the brainchild of BCCI vice-president Lalit Modi. The idea was first floated in 1996 but was shot down as the board felt it would go against the zonal system of domestic cricket. The project moved into top gear when the Zee group launched a rival Indian Cricket League on similar lines in April 2007.
Who are the franchisees?
The franchisees will own the eight teams in the fray. They can run them in their own styles, bring their own sponsors and even name the team according to their choice. They will even be free to list their teams on the stock exchange.
How is it different from the football and hockey leagues in India?
The IPL, in a way, is not very different in its format vis-a-vis the PHL or the I-League in football. It is, however, totally different in its concept as the teams have been offered to franchisees (individuals or corporates) through a bidding process that culminated on Thursday. The BCCI has already signed up 80 international players who will also be put for auction soon.
When will the IPL matches be played and where?
Under lights, on a home and away basis, in the cities that have formed the teams. The league opens on April 18 and will see 59 matches spread over 44 days
What kind of money is involved in IPL?
The overall prize money will be US $5 million, with the winners taking home $2 million. The remaining 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 $1 million; the Indian team that won the World Twenty20 got half of that. TV rights have already gone for over $1 billion. Franchisees have already committed close to US $723 million. Top players are expected to earn minimum 1-2 crores per season.
What is already in place for IPL?
With the league scheduled for April 2008, the IPL has so far sold the eight teams to corporate houses and signed leading players. Indian stars like Sachin Tendulkar and Sourav Ganguly will be called “icon players” and can play only for their respective cities. They will be the highest paid players and will not be auctioned. The bidding will take place next month.
Who owns the IPL TV rights?
Sony Entertainment, a division of Japan’s Sony Corp, and the Asia-based World Sports Group (WSG) won the broadcast rights for ten years, worth more than a whopping US $1 billion. TV rights are worth $918 million, with $100 million set aside for promotion.
Who will run the IPL?
BCCI has formed an IPL council that comprises former BCCI president IS Bindra, vice-presidents Rajiv Shukla, Chirayu Amin, Lalit Modi and Arun Jaitley, and former cricketers Mansur Ali Khan Pataudi, Sunil Gavaskar and Ravi Shastri. While the BCCI officials are honorary members, Pataudi, Gavaskar and Shastri will be paid for their services. The IPL governing council will have a five-year term and will run, operate and manage the league independently of the BCCI.
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ABOUT GATE
GATE (The Graduate Aptitude Test in Engineering) is an All India Examination conducted by the seven Indian Institutes of Technology and the Indian Institute of Science, Bangalore.
About 1.5 Lakh students give GATE Exam every year. GATE Exam is conducted for 21 streams. The competition in CS and ECE streams is comparatively much more than in other streams. In ECE, for example, around 35000 students appear for the exam, whereas for IT around 4000 students appear for the exam.
The GATE 2008 exam will be 3 hours duration and will be held from 09.30 am to 12.30 pm on 10th of February, 2008.
The GATE paper is totally objective type with 85 questions. Questions include one marks and two marks questions. Question types include data based questions, linked questions, assertion reasoning kind of questions and match the following kind of questions. Most of the questions have 25% negative marking.
300 Institutes in India take admission for M.Tech / MS / ME / Integrated PhD through GATE Examination.
About 1.5 Lakh students give GATE Exam every year. GATE Exam is conducted for 21 streams. The competition in CS and ECE streams is comparatively much more than in other streams. In ECE, for example, around 35000 students appear for the exam, whereas for IT around 4000 students appear for the exam.
The GATE 2008 exam will be 3 hours duration and will be held from 09.30 am to 12.30 pm on 10th of February, 2008.
The GATE paper is totally objective type with 85 questions. Questions include one marks and two marks questions. Question types include data based questions, linked questions, assertion reasoning kind of questions and match the following kind of questions. Most of the questions have 25% negative marking.
300 Institutes in India take admission for M.Tech / MS / ME / Integrated PhD through GATE Examination.
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