IPL History and Format: The Board of Control for Cricket in India (BCCI) launched the Indian Premier League in 2008. The inaugural season featured eight teams, but in 2011 it was expanded to include ten teams. However, due to Kochi Tuskers Kerala’s failure to pay its annual bank guarantee, only nine teams participated in the fifth IPL 2012 season. In October 2013, the BCCI disqualified Pune Warriors India on the same grounds as the Kochi franchise, which is no longer in operation.
As a result, the tournament resumed its eight-team format from IPL 2014. After their officials were found guilty of betting and spot-fixing activities, the officials of the Chennai Super Kings and Rajasthan Royals were both given two-year suspensions. For the 2016 and 2017 seasons, Gujarat Lions and Rising Pune Supergiant took the place of CSK and RR. After the two teams completed their suspensions in 2018, they resumed play in the IPL, and eventually, the contracts of GL and RPS were terminated.
In order to restore the 10-team tournament structure after 11 years, the BCCI added two more teams in 2022. In the IPL 2023 group stage, each team will play 14 matches, seven at home and seven away. There are two distinct groups of the ten teams. Each team will play twice groups from opposite groups and once groups from their own group.
IPL 2023 Budget and Expected Revenue
Every season, the value of the IPL brand increases. The IPL was worth $ 4.16 billion (approximately INR 282 billion) in 2016. In 2017, it reached $ 5.3 billion, or roughly INR 341 billion, in 2018, $ 6.13 billion, or roughly INR 429 billion, and in 2019, $ 6.7 billion, or roughly INR 475 billion. According to a brand valuation consultant’s annual report, IPL’s brand value nearly doubled to $8.4 billion in 2022 from $4.7 billion in 2021. With a value of $83 million, Mumbai Indians is the most valuable brand.
Teams 2023 Brand Value (in USD million)
- Mumbai Indians: 83
- Kolkata Knight Riders: 76.8
- Chennai Super Kings: 73.6
- Royal Challengers Bangalore: 68
- Delhi Capitals: 62.4
- Rajasthan Royals: 61.3
Sunrisers Hyderabad: 48.8 - Gujarat Titans: 47.4
- Punjab Kings: 45
- Lucknow Super Giants: 31.8
What’s New in IPL 2023
The format of the T20 extravaganza will be restored from before the Covid-19 pandemic. Groups playing at home and away scenes will get back to IPL 2023 after it was suspended in the fury of Coronavirus flare-up. The United Arab Emirates hosted the entire IPL 2020 event. Before moving to the United Arab Emirates in response to the second wave of Covid-19, the first phase of IPL 2021 was held in a few Indian cities. The cities of Mumbai and Pune in Maharashtra hosted the group stage of IPL 2022, while Kolkata and Ahmedabad hosted the playoffs.
The Impact Player rule was introduced by the BCCI beginning with IPL 2023. Before the toss, a team is required to name four substitutes in addition to their starting XI. The team can only use any player from the starting XI to replace one of the four named substitutes on the list. Before the 14th over in either innings of the match, one player from each team can be replaced as an “Impact Player.”
Before the 14th over of any innings, the team captain, head coach, or manager should inform the on-field or fourth umpires about the introduction of the Impact Player. It is important to note that a team does not have to follow the Impact Player rule, and they can use it for their own benefit.
A bowler can bowl his full quota of four overs once replaced as an Impact player with respect to the full 20-over innings. An Impact Player can be introduced in the event that any of the team’s players sustain an injury, but only after the end of an over. A batting side can reveal the Impact Player at the fall of a wicket or during the innings break. After being replaced by an “Impact Player,” an injured player will not be permitted to continue participating in the game. According to the rule, only 11 players can bat if a player retires hurt. The Impact Player will be eligible to bat after the end of an over.
Teams from opposite groups will only play twice in IPL 2023. For instance, Mumbai Indians, which are grouped in Group A, will only play once against teams from the same group during the group stage, but they will play twice against teams from Group B.
Sam Curran and Ben Stokes, both England all-rounders, rank among the top three most expensive IPL auction picks. In the 2023 IPL auction, Curran and Stokes were sold to Punjab Kings and Chennai Super Kings, respectively, for INR 18.50 crore and INR 16.25 crore.
Both of the players, who were a part of England’s team that won the T20 World Cup, did not play in IPL 2022 for a variety of reasons. In an effort to revamp England’s Test cricket, Stokes opted out of the massive auction to concentrate on county cricket. On the other hand, Curran was still recovering from a back injury at the time.
Conclusion
The Indian Premier League (IPL) has come a long way since its inception in 2008, and it has become one of the most popular and lucrative T20 cricket leagues in the world. Despite facing numerous challenges such as team disqualifications, suspensions, and the Covid-19 pandemic, the IPL has continued to thrive and evolve over the years.
In 2023, the IPL will return to its original format, with teams playing 14 matches each, seven at home and seven away, and will feature the introduction of the Impact Player rule. The brand value of the IPL has continued to increase, with the league’s brand value reaching $8.4 billion in 2022, and the Mumbai Indians being the most valuable team with a brand value of $83 million.
The auction for the 2023 season saw Sam Curran and Ben Stokes, both England all-rounders, among the top three most expensive picks. The IPL remains a highly anticipated event, with fans eagerly awaiting the start of the 2023 season.