Indian Premier League (IPL), the world’s most greatest and cash-rich Twenty20 tournament,come up the 11th edition.
The IPL Cricket 2018 will begin on April 7, 2018, at the Wankhede Stadium in Mumbai. A total of 60 matches will be played at nine venues across 51 days.
The 2015 season of the IPL offered a total prize money of ₹40 crore (US$6.1 million), with the winning team netting ₹15 crore (US$2.3 million).The first and second runners up received 10 and 7.5 crores, respectively, with the fourth placed team also winning 7.5 crores. The others teams are not awarded any prize money. The IPL rules mandate that half of the prize money must be distributed among the players.
From 2008 to 2012, the title sponsor was DLF , India’s largest real estate developer, who had secured the rights with a bid of ₹200 crore for five seasons. After the conclusion of the 2012 season, Pepsico bought the title sponsorship rights for ₹396.8 crore for the subsequent five seasons. However, the company terminated the deal in October 2015 two years before the expiry of the contract, reportedly due to the two-season suspension of Chennai and Rajasthan franchises from the league. The BCCI then transferred the title sponsorship rights for the remaining two seasons of the contract to Chinese smartphone manufacturer Vivo for ₹190 crore .In June 2017, Vivo retained the rights for the next five seasons (2018–2022) with a winning bid of ₹2199 crore,