TechstoryThe IPL team owners are the ones that take a risk by putting players into the league who do not even guarantee them a regular starting position. These players are called ‘payouts’. It is the pay-outs that determine if a player will continue playing for the same team or not. So, how can an IPL cricket team earn money and what do the fans and players have to look forward to?
The IPL team owners earn millions of dollars each year through the guaranteed contracts that they offer to the players. The contracts run for three years and the franchises need to manage those contracts well or else lose the contract in case the players start not making the required sales. These pay-outs are what determine the financial future of these franchises. The IPL franchise owners have made millions of dollars from their franchise fees and the guaranteed contracts that they offer to the players.
Indian Premier League
The Indian Premier League also is known as IPL, has been a successful venture that has revolutionized the entire cricketing industry. The IPL was started by a group of businessmen namely Subir Malik, Anshuma Mukesh Ambani and Soumitra Mohan Kumar. The first season of the IPL was popularized by the stars of the Indian Premier League, who made a lot of money and established lucrative contracts with the franchise clubs. The IPL has transformed the sport on a global scale.
The IPL franchise has spent a lot of time and money to ensure that its teams are able to play against top-level cricket teams around the globe. The first season was played between the Delhi Daredevils and the Bangalore Giants and was considered to be a great success by all those who were watching the matches. Both the Mumbai Indians and Delhi/representative teams of other teams won many matches. The IPL name list was expanded after the first season. The competition level has been on the rise ever since and now there are IPL teams involved in every major tournament including the World Cup. It has been a spectacular experience for the fans who had been waiting for such a great opportunity ever since IPL was first launched.
The current team owners plan to make the IPL even more successful in the next few years. There is no definite word on this yet but the first season was a huge success and many are predicting huge things in the next few years. The present players and teams have showed good cricketing skills and have created interest among the viewers, who had never looked at the IPL before. The IPL viewership numbers have been increasing each year and the IPL team owners and the players are all hoping for a better and bigger performance in the next few years.
History of IPL
IPL is the only professional cricket league in India and was basically created out of nothing else but the sheer demand for a professional league that could be watched live over the internet. The popularity and growth of IPL are mainly because of its IPL team owners and the syndicate players that are made possible only through the internet. IPL is an ideal option for many Indians who cannot afford to watch live cricket, even if they want to. Many players and clubs from the kolkata region are interested in IPL. It is only a matter of time before IPL comes to their towns and cities. Cricket fans all over India can enjoy a match without any hassle.
Two of the most well-known IPL team owners are Shah Rukh Khan and Preity Zinta. After the launch the league experienced a drastic change and several changes were made to the league and many more teams were added to the league. The most important addition to IPL was the Bengaluru Indians who has been one of the top performing teams ever since they were added to IPL. The recent IPL franchises which are based in Delhi, Hyderabad, Bangalore and Mumbai have proved to be very popular among the cricket enthusiasts from all over India. There are many companies that provide accommodation for IPL teams. It is easy to arrange accommodation because there are many websites that offer services. The cost of accommodation is also very low.
The Rajasthan royals are another well-known team with a large fan base in IPL. The team’s coach is Srikanth and the team is managed by Mr. Nita Ambani. The owner of the team, Mr. Subodh Kochi is from Kochi and also owns almost all the IPL franchises which are based in various cities of India. Nita Ambani is the wife of Mr. Kochi and she has successfully been able to change the fortunes of many IPL teams by her effective leadership style and marketing ideas. She has always kept the expectations of the franchise owners in her mind before hand and she has always kept the expectations of both IPL franchise owners in the highest regard. Many say that the success of IPL is due to her efforts and her innovative thinking and it is due to her hard work and that too without any big pressure from her side.