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Indian Premier League (IPL), a brainchild of BCCI or to be precise its vice-president Lalit Modi, is a Twenty20 league sanctioned by ICC. Eight franchise teams owned by business tycoons, Bollywood stars and media magnets feature in the league.

Each team will have a pool of 16 players, with a max of eight overseas players and a min of four U-22 players besides a min of four players from the catchment area as is fixed by the governing body. IPL franchises bought the best cricketers of the world thro’ the players’ auction held on Feb 20 in Mumbai. The franchises sans icon players – Chennai and Hyderabad – spent lavishly to net big fishes in the shape of Dhoni ($1.5m) and Symonds ($1.35m) respectively. Franchises bought players -Indian and international – of their liking from a pool of 77.

Each team will play seven others in the fray on home and away basis. The top four teams at the end of league stages will make it to semis’ and bottom four will play classification ties. The inaugural event, involving 59 ties, will kick-off on Apr 18, when Mallaya-owned Bangalore Royal Challengers take on Kolkata owned by SRK at the Chinnaswamy Stadium in Bangalore. The franchise teams will battle it out for 44 days for a US$3m prize money.

IPL, the billion-dollar first-of-its-kind in cricket, is loosly modelled after the mega sporting events English Premier League (EPL) a football league in UK and MLB (Baseball league in North America). However the sixty-four-thousand-dollar question is: Will the much-hyped T20 league match EPL and MLB in magnitude or is this a gigantic bubble waiting to burst. Time alone will tell.