BCCI launched the multi-million dollar Indian Premier League
Twenty20 is the flavour of the season and it received an official stamp of approval once and for all with the Board of Control for Cricket in India launching the multi-million dollar Indian Premier League here on Thursday. The Indian league will be part of the Champions Twenty20 League which will feature India, Australia, England and South Africa and will be played in October 2008. The IPL, to be held in April 2008, has been modelled on successful American leagues Major League Soccer and National Basketball Association wherein the eight teams will be like franchises. The teams will have corporate backing and will also get a share of centralized revenue. The venture not only has the full support of the International Cricket Council, it already has roped in three big names in contemporary international cricket. Australian legends Shane Warne and Glenn McGrath and former New Zealand captain Stephen Fleming have agreed to be a part of Indian Premier League. What is staggering about ...