Other Important Information about IPL - Play Plan

BCCI wants to make it big from IPL and every owner of the team wants to earn huge profits on their investments, every aspect of IPL was auctioned so that BCCI could get maximum out of it - Teams were auctioned, media rights were auctioned, taking pics of matches was auctioned and BCCI has already earned a lot from it here are some interesting facts about the auctioning and information about Indian Premier League.

• Title Sponsorship Rights: On February 13 2008, Indian real estate developer DLF Universal secured exclusive rights to the IPL title sponsorship worth Rs 200 crore (over $50 million) for five years.
• Television Rights: On January 14 2008, it was announced that a consortium consisting of India’s Sony Television network and Singapore-based World Sports Group secured the rights of the IPL. The record deal has a duration of ten years at a cost of $1.026 billion.
• Players Auction : On February 20 2008 , the auction of 77 players took place in Mumbai. Team India ODI and Twenty20 skipper Mahendra Singh Dhoni and Australian all-rounder Andrew Symonds emerged the costliest Indian and overseas players respectively.
• Play Plan of IPL : Each team will play the other seven teams home and away, the top four teams at the end of the group stages will proceed through to the semi-finals. The first match is slated for April 18 between Team Bangalore and Team Kolkata.
• Rules for Team Composition: All teams must have at least four players from their respective Catchment Areas and four Under-22 players. The players from Catchment Areas could be an iconic player, a Ranji player or an U-22 player.
  Each team can buy a maximum of eight overseas players but only four would be able to take the field in a match.