[18] In 2023, the league sold its media rights for the next 4 seasons for US$6.4 billion to Viacom18 and Star Sports,[19] meaning each IPL match was valued at $13.4 million.

[24][25] On 13 September 2007,[26] following India's victory at the 2007 T20 World Cup,[27] the BCCI announced a franchise based Twenty20 cricket competition known as the Indian Premier League.

BCCI Vice-president Lalit Modi, who led the IPL initiative, provided details of the tournament, including its format, prize money, franchise revenue system, and squad composition rules.

[28] The league officially commenced in April 2008, featuring Chennai Super Kings (CSK), Mumbai Indians (MI), Delhi Daredevils (DD), Kings XI Punjab (KXIP), Deccan Chargers (DC), Rajasthan Royals (RR), Kolkata Knight Riders (KKR), and Royal Challengers Bangalore (RCB).

[50] The GMR Group (Delhi Capitals) had already acquired Hampshire in a 2024 deal, including the club's 51% stake in the Southern Brave[51] and bought the remaining 49% for around £48m.

[61] Based on a 2024 report by Forbes India, the average IPL salary among the top 10 highest-paid players is ₹12.37 crore,[62] the second-highest of sports leagues in the world.

[81][82][83] The reigning champions are the Kolkata Knight Riders, who defeated the Sunrisers Hyderabad by eight wickets in the 2024 IPL final to secure their third title.

A summary of the most notable statistical records associated with the tournament is provided below: The Orange Cap is awarded to the highest run-scorer at the end of each season.

[92] From 2008 to 2012, the IPL title sponsor was DLF, India's largest real estate developer, which bid ₹200 crore (US$23 million) for the rights for five seasons.

[97] The BCCI transferred the title sponsorship rights for the remaining two seasons of the contract to Chinese smartphone manufacturer Vivo for ₹200 crore (US$23 million).

[99][100] On 4 August 2020, Vivo canceled the title sponsorship rights due to the military stand-off between India and China at the Line of Actual Control in July 2020.

A report from Duff & Phelps said one of the contributing factors in the rapid growth of the IPL's value was a new television deal with Star India Private Limited, which engaged more viewers because the IPL was transmitted to regional channels in eight languages; under the previous deal, the transmissions were limited to sports networks with English-language commentary.

According to an independent report conducted by Brand Finance, a London-based company, after the conclusion of the 2017 Indian Premier League, the IPL's business value grew by 37% to an all-time peak of $5.3 billion, exceeding the five-billion-dollar mark for the first time in a season.

The league has delivered financially for the players, franchisees, sponsors, and India as a whole, prompting a strong desire among stakeholders to value it appropriately.

To ensure continued development, management, and team owners must explore innovative ways of engaging fans, clubs, and sponsors.[112][relevant?

It was anticipated that viewership of Star Sports' broadcasts may not be heavily impacted by the Jio deal due to its existing market reach (including as rights holder of India's home matches) and viewers who preferred linear television due to being less familiar with over-the-top services, or concerns over technical issues associated with such services.

JioCinema reported the IPL had 1.4 billion views on the service over the opening weekend, which was higher than the entirety of the 2022 season on Disney+ Hotstar.

[135][136] On 20 May 2012, police detained Rahul Sharma and Wayne Parnell when they were caught during a raid at a rave party in a suburb of Mumbai; both the players denied taking drugs or drinking alcohol.

[139][140] The Lodha Committee, appointed by the Supreme Court of India, banned Rajasthan Royals (RR) and Chennai Super Kings (CSK) for two years.

"Disrepute has been brought to cricket, the BCCI and the IPL to such an extent that there are doubts abound in the public whether the game is clean or not," Justice Lodha said.

[145] During the Super Giants versus Mumbai Indians eliminator game in 2023, he uttered on-air, "How many times batsmen get out after a strategic timeout," indicating that it plays a negative role in immediate fall of wickets by disrupting concentration of the batters.

In 2013, after a spot-fixing matter, then-president N. Srinivasan got sacked due to a pending inquiry, and Jagmohan Dalmia got appointed as interim president.

[153] In April 2010, the BCCI president Shashank Manohar said in a press conference that the IPL governing council didn't know who the owners of Rajasthan Royals (RR) and the Punjab team are.

Manohar alleged that Shetty and Zinta violated the agreement as prior permission of the BCCI is mandatory before transferring ownership shares with other people.

The Lodha Committee banned CSK from the IPL for two years when their team principal, Gurunath Meiyappan, was found guilty of betting and providing inside information to bookies.

[61] In 2010, the IPL president revealed that Sunanda Pushkar, wife of the Minister of State for External Affairs Shashi Tharoor, had sweat equity shares in Rendezvous Sports World (RSW), the proprietor of Kochi Tuskers Kerala.

As per Gavaskar, strategic timeouts, reserve players running on the field with drinks and messages during games, and batsmen asking for helmets result in these delays.

During the 2024 season, Rishabh Pant, captain of Delhi Capitals, and Shubman Gill of Gujarat Titans were fined ₹12 lakhs each for their teams' slow over rates during matches against Chennai Super Kings.

[160] Former India captain Kapil Dev claimed that there was an increasing risk of injury to Indian players from playing in the IPL.

[168] After the auction concluded, the exclusion of Bangladeshi players was largely supported by Indians following the violence against Hindus in Bangladesh in the aftermath of resignation of Sheikh Hasina on August 5, 2024.