[1] On 18 January 2012, the board entered a 6-year, 350-crore deal with Game on Sports Group to establish a franchise tournament.

During the franchise auction, nine companies took part in the bidding process, with six winning the rights to clubs.

[3][4] The first edition of the league officially kicked off on 9 February 2012, with a lavish opening ceremony at the Sher-e-Bangla National Cricket Stadium in Dhaka, the capital city of Bangladesh.

[5] The initial player auction was held on 18 and 19 January 2012 and the first match in the tournament was staged on 9 February 2012 at the Sher-e-Bangla National Cricket Stadium between Sylhet Royals and Barisal Burners.

Dhaka Gladiators again emerged as champions beating Chittagong Kings in the final by 43 runs.

[8] A number of players and administrators were handed bans for match-fixing, including the former captain of Bangladesh, Mohammad Ashraful.

Leading up to the 2016–17 edition of the league, the Sylhet Super Stars, were suspended following breaches of disciplinary regulations,[10] and two new franchises, Khulna Titans and Rajshahi Kings, were introduced, bringing the number of teams in the competition back to seven.

Dhaka Dynamites, captained by Shakib Al Hasan, topped the group stage table, whereas Rajshahi Kings, led by Darren Sammy, stood at the fourth position.

However, in May 2018, it was reported that the tournament might be moved to January 2019, because of security concerns around the Bangladeshi general election, which took place in December 2018.

In the 2018–19 Bangladesh Premier League final, the Comilla Victorians defeated Dhaka Dynamites by 17 runs to win their second title.

Royals skipper Andre Russell was elected as both Man of the match for the final and Player of the Tournament for his all-round performances and for leading his side to their maiden BPL title.

[14] In December 2021, all six teams were announced, with Rangpur Rangers and the defending champion Rajshahi Royals being excluded, a franchise from Barisal was included and Comilla Victorians also returned after a year's break.

[15] Initially, Rupa Steel & Marn Group owned the Dhaka franchise, but a day before the players' draft their ownership was terminated due to non compliance of rules.

[17] The two points table topper teams Fortune Barishal and Comilla Victorians reached the final.

Shakib Al Hasan, captain of the runners-up team, Fortune Barishal, received the Player of the Tournament award for his all-round performance, having scored 284 runs in 11 innings and picked up 16 wickets.

[20] In the final, Comilla Victorians defeated Sylhet Strikers by 7 wickets to win their second successive and overall fourth title.

Fortune Barishal stopped Comilla Victorians winning back-to-back-to-back titles by defeating them in the final.

[24] In the final match, Fortune Barishal won their second-ever tournament, being the 3rd team to ever win the Bangladesh Premier League back-to-back, defeating Chittagong Kings by 3 wickets.

[25] At a corporate level, the Bangladesh Premier League considers itself an association made up of and financed by its member teams.

All income generated through television rights, licensing agreements, sponsorship, ticket sales and other means is earned and shared between the Bangladesh Cricket Board and the participating franchises.

Since 2015, Imago Sports Management has been conducting the players draft event and also is the official players management partner of Bangladesh Cricket Board for Bangladesh Premier League[26][27] All finals in the competition have been played at the Sher-e-Bangla National Cricket Stadium at Mirpur.

The rivalry became more intense when, during the 2024 Bangladesh Premier League faceoff between the two teams in playoff round.

It is alternatively known as the Education-Economy Derby, highlighting Chittagong's economic strength and Rajshahi's educational excellence.