The Indian Premier League (IPL) is a Twenty20 cricket championship league in India. Most successful team in this competition is Chennai Super Kings, which is captained by MS Dhoni, who also captains Indian National Cricket Team in the all three formats. It was initiated by the Board of Control for Cricket in India (BCCI), after an altercation between the BCCI and the Indian Cricket League.^[1] The league is headquartered in Mumbai, Maharashtra,^[2][3] and is currently supervised by BCCI Vice-President Ranjib Biswal,^[4] who serves as the league's chairman and Commissioner. It is contested by eight teams as of 2014, consisting of players from around the cricketing world.The Premier League is generally considered to be the highest-profile showcase in the world for Twenty20 (T20) cricket, the shortest form of professional cricket with just 20 overs per innings, but the IPL is perhaps as well known for its commercial success as for the cricket played – during the sixth IPL season, in 2013, its brand value was estimated to be around US$3.03 billion.^[5][6]Live rights to the event are syndicated around the globe, and in 2010, the IPL became the first sporting event to be broadcast live on YouTube.^[7] In 2012 the naming rights for the series was awarded to Pepsi.^[8] Two eligible bids were received, with Pepsi winning over Airtel with a bid of 3968 million.^[9] However, the league has been the subject of several controversies where allegations of cricket betting, money laundering and spot fixing were witnessed.^[10][11]

Indian Premier League

Countries	India
Administrator	BCCI
Format	Twenty20
Next tournament	2014
Tournament format	Double round-robin andplayoffs
Number of teams	8
Current champion	Mumbai Indians (1st Title)
Most successful	Chennai Super Kings (2 Titles)
Qualification	Champions League Twenty20
Most runs	Suresh Raina (2802), Chennai Super Kings
Most wickets	Lasith Malinga (126), Mumbai Indians
Website	iplt20.com
2014 Indian Premier League