IPL-Indian Premier League  

Indian Premier League commonly known as IPL will initially start with 8 teams and will involve the cricket stars from all around the world.

The league is scheduled to start in April 2008 and will last for 44 days, involving 59 matches.The prize money for the league will be around Rs 13 crore (US $3million).

The teams and their owners are as follows:

Mumbai - Mukesh Ambani
Bangalore - Vijay Mallaya
Hyderabad - Deccan Chronicle
Chennai - India Cements
Delhi - GMR Infrastructure
Mohali - Preity Zinta
Kolkata - Shahrukh Khan
Jaipur - Emerging media