IPL or The Indian Premier League is a Twenty20 cricket competition which was created by BCCI that is the Board of Control for Cricket in India and was sanctioned by the International Cricket Council.

BCCI has planned a complete structure involving the teams , match schedules , winning prizes and much more.Indian Premier League is scheduled to start in April 2008 and will last for 44 days. A total of 59 matches are to be played and the winner will take away with him a whopping sum of $3 million which is some what equal to Rs 13 Crore (Approx)

Team Structure
On deciding the team structure BCCI has done something very interesting and which will also be beneficial for the upcoming cricket players. A total of 16 players are supposed to be in a team with minimum four players which are under 22 . This is one of the most appreciated work done so as to promote the game between upcoming teens.Additionally, a maximum of eight foreign players are allowed per team.

The governing council consists of Chairman and Commissioner Lalit Modi, Sunil Gavaskar, MAK Pataudi and Ravi Shastri, Rajiv Shukla, Chirayu Amin, Inderjit Singh Bindra and Arun Jaitley.