IPL Cricket

What Is IPL Cricket?
IPL Cricket is short for Indian Premier League Cricket.

Who is behind IPL?
The Board of Control for Cricket In India or BCCI for short.

How many teams will be playing?
8 teams - Mumbai, Bangalore, Kolkata, Hyderabad, Chennai, Delhi, Jaipur and Chandigarh/Mohali

Who owns these teams?

Mukesh Ambani (Reliance Industries) owns Mumbai team
Vijay Mallaya (United Breweries) owns Bangalore team
Shah Rukh Khan (Red Chillies Entertainment) owns Kolkata team
Lachlan Mudroch (Emerging Media) owns Jaipur Team
Preity Zinta, Ness Wadia own the Chandigarh/Mohali Team
Deccan Chronicle Group Holdings owns the Hyderabad Team
India Cements owns Chennai Team
GMR Holdings owns the Delhi Team

Who will be the players in the IPL?
About 80 international cricketers, State Ranji trophy players and the under-22 players will be playing in the IPL.

What about telecasting rights?
Sony has bought the rights to telecast the matches for the next 10 years for a whopping billion dollars.

Sponors, team names, match schedules?
59 matches will be played
Opening match in Bangalore
Semis and Finals in Mumbai
Sponsors and team names to be decided.

UPDATE: DLF is the Title Sponsor. IPL Will be known as DLF-IPL.

Update: Chennai team will be known as Chennai Super Kings
Delhi team will be known as Delhi Daredevils
Bangalore team will be known as Royal Challengers

Some Teams And Players:
Here's the latest update

IPL Chennai Super Kings Players List After the Feb 20 Auction:

Suresh Raina
Mahendra Singh Dhoni
Joginder Sharma
Albie Morkel
Parthiv Patel
Stephen Fleming
Jacob Oram
Mathew Hayden
Muralitharan
Makaya Ntini
Michael Hussey

An update: The Mohali Team So Far

Irfan Pathan -$925,000
Sreesanth- $625,000
Brett Lee - $900,000
Kumar Sangarakka
Mahela Jayawardane
Piyush Chawla
Romesh Pawar
Simon Katich - $200,000
Ramnaresh Sarwan - $225,000.

IPL Bangalore
Nathan Bracken -$325,000
Dale Steyn - $325,000
Wasim Jaffer - $150,000
Cameron White - $500,000
Mark Boucher -
Kallis - $900,000
Rahul Dravid - Icon - Captain
Anil Kumble
Dale Steyn
Shivnarine Chanderpaul

IPL Delhi
IPL Delhi
Manoj Tiwari
Guatham GAmbhir
Dinesh Karthik
Md. Asif
Shaoib Mallik
Daniel Vettori

IPL Hyderabad
The IPL Hyderabad Team So Far
VVS Laxman - team captain
Adam Gilchrist
Scott Styris
Gibbs
Shahid Afridi
Andrew Symonds 1,300,000
RP Singh - 875,000
Chaminda Vaas