DLF IPL 2012 5th adition starts today 03-04-2012 is the opening ceremony of the money-spinning Twenty20 event.
A galaxy of stars, including Amitabh Bachchan, Priyanka Chopra and Kareena Kapoor,Salman Khan got ball rolling for the fifth edition of IPL with a lightening opening ceremony which promises to enrapture the audience this evening.
The dazzling ceremony will also graced by American pop star Katy Perry .
The IPL, which began in 2008 as a high speed mix of glamour, entertainment, fully cashed for players and the excitement of slam-bang cricket, has had a difficult ride over the past four years.
It has been hit by infighting, problems with teams, criminal investigations and corruption allegations like former chief Lalit Modi and some other scandles.
Fresh doubts have been raised after a fall in viewership figures last year and a reported decline in sponsor interest like Sahara , with the tournament coming soon after,BPL, the Asia Cup in Bangladesh and India's tour of Australia.
"By the time this one ends, all doubts will be put to rest," IPL chief Rajiv Shukla told AFP. "The excitement is building up nicely. We in the BCCI (Board of Control for Cricket in India) are not worried at all.Because they have much sponserships from national and multinational companies"
The IPL 2012, which enriched with world stars playing for rich franchise's owners, is being investigated by government agencies for alleged fraud and foreign exchange violations.
Its founder Lalit Modi, who was suspended from the league in 2010, is holed up in London as he faces Indian government and BCCI charges of détournement of funds.
From the ten IPL teams, Kochi have been struck down from tournament because of non-payment of fees, while the Rajasthan Royals and Kings XI Punjab face arbitration in cases filed by the BCCI.
The owners too are feeling the pinch. Pune, owned by the Sahara group, want their franchise fees of a whopping $370 million reduced. The Rajasthan Royals are in talks to sell a majority stake.As viewership declined last year, when the event started just after India won the World Cup at home, some sponsors chose to turn their back on what was once considered a safe bet for advertisers.The Champions League Twenty20, an offshoot of the IPL that involves leading domestic teams from around the world, lost its title sponsors, AirTel, after just one year due to lack of interest among fans.
Former first-class cricketer Shishir Hattangadi, who once worked on the team management of Sachin Tendulkar-led Mumbai Indians, said the IPL was suffering from a poor long-term development plan.
Former first-class cricketer Shishir Hattangadi, who once worked on the team management of Sachin Tendulkar-led Mumbai Indians, said the IPL was suffering from a poor long-term development plan.
"It was inescapable," he said. "Team compositions change every year which has confused the loyal fan. There is also the jade factor of watching too much cricket."
The 76-match tournament from April four to May 27 has the nine teams playing each other on a home and away basis before a four-game play-off.
The ICC has refused to take away a window for the IPL in its calendar, so bilateral tours will restrict the top world stars from playing in the entire tournament.
Pakistani players, who are usually a major draw in India, have been kept out of the tournament since the second edition, reportedly due to security fears.
Pakistani players, who are usually a major draw in India, have been kept out of the tournament since the second edition, reportedly due to security fears.
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