On 21 March 2010, it was announced that two new franchises – Pune Warriors India and Kochi Tuskers Kerala – would join the league before the fourth season in 2011.[16] Sahara Adventure Sports Group bought the Pune franchise for $370 million while Rendezvous Sports World bought the Kochi franchise for $333.3 million.However, one year later, on 11 November 2011, it was announced that the Kochi Tuskers Kerala side would be terminated following the side breaching the BCCI's terms of conditions.
Then, on 14 September 2012, following the team not being able to find new owners, the BCCI announced that the 2009 champions, the Deccan Chargers, would be terminated.The next month, on 25 October, an auction was held to see who would be the owner of the replacement franchise, with Sun TV Network winning the bid for the Hyderabad franchise. The team would be named Sunrisers Hyderabad.
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.Toprevent 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.
In order to decide the owners for the new league, an auction was held on 24 January 2008 with the total base prices of the franchises costing around $400 million.At the end of the auction, the winning bidders were announced, as well as the cities the teams would be based in: Bangalore, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mohali, and Mumbai.[13] In the end, the franchises were all sold for a total of $723.59 million. The Indian Cricket League soon folded in 2008.
Then, on 14 September 2012, following the team not being able to find new owners, the BCCI announced that the 2009 champions, the Deccan Chargers, would be terminated.The next month, on 25 October, an auction was held to see who would be the owner of the replacement franchise, with Sun TV Network winning the bid for the Hyderabad franchise. The team would be named Sunrisers Hyderabad.
On 14 June 2015, it was announced that two-time champions, Chennai Super Kings, and the inaugural season champions, Rajasthan Royals, would be suspended for two seasons following their role in a match-fixing and betting scandal. Then, on 8 December 2015, following an auction, it was revealed that Pune and Rajkot would replace Chennai and Rajasthan for two seasons.The teams are the Rising Pune Supergiants and the Gujarat Lions.
Altogether, thirteen teams have played in the past ten seasons of the IPL tournament. Of these, three teams are no longer a part of the tournament.[10] In 2011, BCCI terminated the franchise of Kochi Tuskers Kerala for contractual breach. Similarly, BCCI terminated the franchise of Deccan Chargers in 2012 for backing off from its commitments. In 2013, Pune Warriors India exited IPL after it had a franchise valuation disagreement with BCCI. Chennai Super Kings and Rajasthan Royals were suspended in 2015 following a betting controversy. However, in July 2017, BCCI announced that both Chennai Super Kings and Rajasthan Royals would be allowed back into the IPL competition from the 2018 season. The tournament features eight teams for the 2018 season, including Delhi Daredevils, Kings XI Punjab, Kolkata Knight Riders, Royal Challengers Bangalore, Rajasthan Royals, Chennai Super Kings, Sunrisers Hyderabad and Mumbai Indians.
Current champion Mumbai Indians is the most successful team in league history, having won three titles.Sunrisers Hyderabad, Kolkata Knight Riders, Chennai Super Kings and Rajasthan Royals, apart from former team Deccan Chargers, are the other teams to have won the tournament title as of March 2018.
Over the course of first 8 seasons, 11 different teams have taken part in the Indian Premier League at some stage and Chennai Superb Kings, Mumbai Indians and Kolkata Knight Riders has been the most successful and consistant teams having won 2 titles each. Rajasthan Royals (suspended for two years after 2015 season) and Deccan Charges has won the competition once each. Today we take a look at all the past winners and how they won it plus all-time IPL win/loss ratio of all teams from 2008 to 2015.
“Indian Premier League” mostly known as IPL is the premier domestic T20 cricket competition in India and it takes place every year in April-may. Started back in 2008 so far 8 IPL season has take place. Usually there are 8 teams participating in the competition but since IPL’s inception few teams has either been either suspended or gone bankrupt replaced by new teams (franchises). IPL is contested as a league competition where every team play against other teams one home/away basis and a playoff knockout phase between top for teams decides the winner.
English cricketer Andrew Flintoff was purchased by the Chennai Super Kings for $1.55 million during the 2009 IPL auctions. Apparently, Flintoff was one of the most expensive IPL players in the year 2009.
English cricketer Kevin Pietersen was bought by Royal Challengers Bangalore for a huge sum of $1.55 million in the 2009 IPL auctions. The English maverick batsman later moved to Deccan Changers in 2011 IPL, and was bought by Delhi Daredevils in IPL 2012.
With teams willing to cough up huge moolah in a bid to get the choicest player, IPL auctions have been nothing short of crazy. Let’s take look at most expensive players in the history of IPL auctions.
