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The Indian Premier League ( IPL ) is a professional Twenty20 cricket league in India contested during March or April and May of every year by eight teams representing eight different cities in India . The league was founded by the Board of Control for Cricket in India ( BCCI ) in 2008 . The IPL has become one of the most popular sports leagues in the world and is the most - attended cricket league in the world. In 2014 , the IPL became the first sporting event in the world to be broadcast live on YouTube. The brand value of IPL in 2019 was US$6.3 billion , according to Duff & Phelps . The IPL is contested by eight teams , consisting of players from around the world . Each team has a squad of 16 players, with a maximum of 4 overseas players . The teams are: Chennai Super Kings Delhi Capitals Kings XI Punjab Kolkata Knight Riders Mumbai Indians Rajasthan Royals Royal Challengers Bangalore Sunrisers Hyderabad The IPL follows the double round - robin format, in which each team plays...

Pakistan Super League ( PSL ) is a professional Twenty20 cricket league in Pakistan , founded in 2015 . It is contested by six teams representing different cities in Pakistan : Lahore Qalandars, Karachi Kings, Peshawar Zalmi, Quetta Gladiators, Islamabad United, and Multan Sultans . The league is operated by the Pakistan Cricket Board ( PCB ). Starting: The inaugural season of PSL was held in February and March of 2016 , with five teams competing in the tournament . The first season was won by Islamabad United , who defeated Quetta Gladiators in the final. Since then, the league has grown in popularity and the number of teams has increased to six . The format of PSL is similar to other Twenty20 leagues around the world , with each team playing a total of 14 matches in the league stage . The top four teams qualify for the playoffs , which consist of two Qualifiers , an Eliminator , and the final . The team that finishes in first place in the league stage is given a direct entry into th...