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

The Rajasthan Royals franchise is owned by Emerging Media group, the group acquired the franchise for $67 million

Team:
1.Shane Warne (c) - $450,000
2.Graeme Smith - $475,000
3.Younis Khan - $225,000
4.Kamran Akmal - $150,000
5.Yusuf Pathan - $475,000
6.Mohammed Kaif - $675,000
7.Munaf Patel - $275,000
8.Justin Langer - $200,000
9 Dimitri Mascarenhas -$ 100,000
10 Shane Watson - $125,000
11 Morne Morkel - $60,000
12 Sohail Tanvir - $100,000
13 Pankaj Singh - Local Player[3]
14 Anoop Revandkar - Under 22 Player[4]
15 Ravindra Jadeja - Under 19 Player
16 Taruwar Kohli - Under 19 Player

"Fearless Entertainers Who Will Play To Win"

Chennai Super Kings are a part of the eight club Indian Premier League. The team is owned by Indian Cements, for the next 10 years. Former India test player Kris Srikkanth is the brand ambassador for the team, & V.B.Chandrasekhar is the chief selector.

STARS OF CHENNAI SUPER KINGS

1.MS.Dhoni - Captain of T20 champs
2.Muttiah Muralitharan - The god of spin
3.Matthew Hayden - Magical hitter
4.Jacob Oram - Better than the best
5.Stephen Fleming - Mr.Dependable
6.Makhaya Ntini - Lethal bowler
7.Michael Hussey - Mr.Cricket
8.Albie Morkel - Invincible all rounder
9.Suresh Raina - The finisher
10.Parthiv Patel - Sensational WK
11.Joginder Sharma - Man of golden arm

1)VVS Laxman[CAPTAIN]
2)Adam Gilchrist[VICE-CAPTAIN]
3)Herschelle Gibbs
4)Shahid Afridi
5)Scott Styris
6)Andrew Symonds
7)Rohit Sharma
8)Chamara Silva
9)RP Singh
10)Chaminda Vaas
11)Nuwan Zoysa
12)Venugopala Rao
13)Pragyan Ojha
14)Halhadar Das
15)Dwaraka Ravi Teja
16)Arjun Yadav
17)Kalyan Krishna
18)Sarveesh Kumar
19)Sanjay Bangar

IPL HYDERABAD WAS OWNED BY DECCAN CHRONICLE FOR 107.1MIL$.

This is the first and foremost community about IPL Banglore team which is named as Banglore Royal Challengers.

United Breweries Group chairman Vijay Mallaya, who won the bid for the Bangalore team in IPL series for $111.6 million is the owner of the team for the next 10 years. Former New Zealand skipper Martin Crowe has been appointed chief cricket officer of Bangalore Royal Challengers. While, former Indian captain Rahul Dravid will lead the team which also includes the following players.

Rahul Dravid - Icon Player
Jacques Kallis (South Africa)
Anil Kumble (India)
Cameron White (Australia)
Zaheer Khan (India)
Mark Boucher (South Africa)
Nathan Bracken (Australia)
Shivnarine Chanderpaul (West Indies)
Wasim Jaffer (India)
Misbah-ul-Haq (Pakistan)
Abdur Razzaq (Bangladesh)
Ross Taylor (New Zealand)
Virat Kohli (Delhi) (U-19)
Srivats Goswami (Bengal) (U-19)