The league will consist of 8 teams.
Each team will play two matches with every other team, held at Home venue and Away venue.
The league matches would be followed by two semi-finals and a final match.
The league will last for 44 days, involving 59 matches.
The prize money for the league will be around Rs 13 crore (US $3million).
2008 Indian Premier League (Wikipedia Link)
Official Indian Premier League Site
Cricinfo - Indian Premier League 2007-08
All about the IPL
Fixtures
Squads
Franchises
The magnitude of the Indian Premier League was confirmed when the winning bidders for the eight franchises were announced on January 24, 2008. While the total base price for auction was US$400 million, the auction fetched US$723.59 million.The official list of franchise owners announced and the winning bids were as follows.
Franchise ...........................................Owner(s) ......................................Price paid (Mn USD)
Bangalore Royal Challengers.............. Vijay Mallya / UB group ....................111.6
Chennai Super Kings ........................India Cements ....................................91
Delhi DareDevils ...............................GMR group ..........................................84
Hyderabad .........................................Deccan Chronicle ...............................107
Jaipur .................................................Emerging Media ...................................67
Kolkata ..............................................Shahrukh, Juhi, Jay Mehta ...................75.09
Mohali ................................................Preity Zinta, Ness Wadia etc.................76
Mumbai.................. ............................Mukesh Ambani (RIL) ..........................111.9