IPL : AN INDIAN MARKET

A very popular cricket premier league IPL is making a good position of India in the world. The richest cricket board BCCI brings the idea of IPL in 2007 and implemented in 2008. The Lalit Modi chairman of BCCI had offered companies to purchase the brand. Mumbai Indian was most valuable team and it was sold at around $111.9 million(Rs 447.6 crore) owned by Reliance industries Ltd. following Royal challengers Banglore was sold at &111.6 million(Rs 446.4 crore.

• Mumbai Indians: $111.9million (Rs 447.6 crore)
• Royal Challengers Bangalore: $111.6 million (Rs 446.4 crore)
• Deccan Chargers: $107 million (Rs 428.04 crore)
• Chennai Super Kings: $91 million (Rs 364 crore)
• Delhi DareDevils: $84 million (Rs 336 crore)
• Kings XI Punjab: $76 million (Rs 304 crore)
• Kolkata Knight Riders: $75.09 million (Rs 300.4 crore)
• Rajasthan Royals: $67 million (Rs 268 crore)

Now two more team in the battle of IPL namely Sahara Adventure Sports (Pune) and Rendezvous Sports World (Kochi) the total cost of these team is more then the 8 original team of IPL.

• Sahara Adventure Sports (Pune): $370 (Rs 1702 crore)
• Rendezvous Sports World (Kochi): $333 (Rs 1533 crore)
  

2 new teams cost- $703 million
8 original teams cost-$723.59 million