Delhi Daredevils, owned by GMR Industries, have a number of genuine match-winners in their squad. They boast of Virender Sehwag and Gautam Gambhir at the top of the order while wicketkeeper-batsman Dinesh Karthik beefs up the middle-order. Tillakaratne Dilshan, along with AB de Villiers, has been a revelation in this format. Veteran Daniel Vettori adds depth to the squad. Daredevils made it to the semis in the first season.

In the second season, they rode high on the strength of Dirk Nannes’ pace, topped the league, but again, lost in the semis. Gambhir has now stepped in as captain after Sehwag decided to step down. Dehi have bought out Oz legend Glenn McGrath before the third season. They picked up Wayne Parnell, the South African left-arm pacer for a whopping USD 610,000 at the 2010 auction. They also included the U-19 player Manan Sharma in their ranks.

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In late June 2007, two men met in an English house, not far from the rain-drenched Wimbledon Championships, to discuss a very different sporting event. Lalit Modi, Vice-President of the Board of Control for Cricket in India (BCCI) brainstormed with Andrew Wildblood of the International Management Group (IMG), the sports management giants. In April 2008, the maiden IPL tournament that Mr. Modi had conceived and developed, was underway.

February 2008 saw the frantic player auction that created a media frenzy. Among the bidders were some of India’s richest and most powerful names, from industrialists to film stars, adding to the event’s lustre. As the sums on offer began to emerge – $1.5m for Mahendra Singh Dhoni, $1.35m for Andrew Symonds, $950,000 for the inexperienced Ishant Sharma – cricket raised its eyebrows, held its breath and braced itself for a new era.

The opening ceremony was like nothing the sport had seen before and would not have been out of place as a curtain raiser for the Olympic Games. And much to everyone’s satisfaction, the cricket lived up to all expectations. The world witnessed the first ever Twenty20 competition played on a scale comparable to the biggest events in sporting history.

The public’s imagination was captured even before Warne’s Rajashtan Royals embarked on their competition-defining run. Helped by the presence at matches – and, invariably on the next morning’s front pages – of Bollywood stars such as Shah Rukh Khan, owner of the Kolkata franchise, and Preity Zinta, co-owner of the Kings XI Punjab, the early matches of the IPL attracted a huge television audience.

After the spectacular success of the inaugural tournament, news that the 2009 IPL would have to be played overseas was met with some resistance. But right from the magnificent opening ceremony to the closing festivities, viewers stayed hooked to the mega event that saw the Deccan Chargers led by Adam Gilchrist take top honours. In the words of Mr. Modi, “It’s been a success thanks to the people of South Africa.”

The Indian Premier League has moved from strength to strength in its two early editions. And the world has taken notice. The IPL has even made it to the fourth spot of the Forbes list of the world’s hottest sporting properties. The competition returns to India in March 2010 after its South African safari in 2009. The stage is set for a contest that is more compelling, spectacular and multi-faceted than ever before.

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