The IPL or Indian Premier League is a professional 20-20 Cricket League in India contested during April and May of the every year by franchise teams representing Indian cities. The IPL was first organised by the Board of Cricket Control of India (BCCI) in the year 2008 with the chairman of IPL Mr. Lalit Modi who also is one of the founder of IPL. The current champions of IPL are Sunrisers Hyderabad who won the title in 2016 against Royal Challengers Bangalore.
The IPL is one of the most attended cricket leagues in the world and ranks sixth among all sports team. The brand value of IPL was estimated to be US $4.5 million in 2015 by American appraisal a division of the Duff Phelps added that the brand value of IPL has jump to $4.16 billion after 2016 edition against $3.54 billion in 2015. The 19% jump is despite the fact that the US dollar to Indian currency rupees depreciated by nearly 10%.
