Indian premier league
Official IPL Logo
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| Countries |
 India
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|---|---|
| Administrator | IPL Governing Body, BCCI |
| Format | Twenty20 |
| First tournament | 2008 |
| Last tournament | 2016 |
| Tournament format | Round-robin and knockout finals |
| Number of teams | 8 |
| Current champion |
Sunrisers Hyderabad (1st title) |
| Most successful | (2 titles each) |
| Most runs |
Virat Kohli (4110) |
| Most wickets |
 Lasith Malinga (143) |
| TV | List of Broadcasters |
| Website | iplt20.com |
 2017 Indian Premier League
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The Indian Premier League (IPL) is a professional Twenty20 cricket league in India contested during April and May of every year by franchise teams representing Indian cities. The league was founded by the Board of Control for Cricket in India (BCCI) in 2007. The title sponsor of the IPL in 2016 was Vivo Electronics, thus the league is officially known as the Vivo Indian Premier League. The current IPL title holders are Sunrisers Hyderabad.
The IPL is the most-attended cricket league in the world and ranks sixth among all sports leagues. In 2010, the IPL became the first sporting event in the world to be broadcast live on YouTube. The brand value of IPL was estimated to be US$4.5 billion in 2015 by American Appraisal, A Division of Duff & Phelps. According to BCCI, the 2015 IPL season contributed ₹11.5 billion (US$182 million) to the GDP of the Indian economy.
According to global valuation and corporate finance advisor Duff & Phelps, the value of brand IPL has jumped to $4.16 billion after the 2016 edition, against $3.54 billion in 2015. The 19% jump is despite the fact that the US dollar to Indian rupee currency has depreciated by nearly 10%.
In 2007, the Indian Cricket League was founded, with funding provided 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 domestic tournaments and also imposed lifetime bans on players joining the ICL, which was considered a rebel league by the board. Businessman and cricket executive, Lalit Modi, was tasked by the BCCI to start a new Twenty20 league that would rival the Indian Cricket League. In early 2008, the BCCI announced the launch of the Indian Premier League, a new franchise based T20 league, which is among the first of its kind in the cricketing world. The league was based on the Premier League of England and the NBA in the United States.
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