The Indian Premier League today started the global tendering process for official franchises in the eight city leagues by unveiling its prospectus.
The franchisee prospectus outlines the details and structure of the each team, underlining that each franchisee squad would consist of 16 players, four international, four Under-21 players and four players from the franchise's catchment area.
Each franchise would also require the services of an executive team, team manager, professional coaching team, physiotherapist and an event manager, a press release said.
The league is expected to start on April 18, 2008 and will feature eight franchised city teams, who will compete for the grand prize of USD three million.
The inaugural season will run for 44 days and franchises will play each other on a home and away basis with at least seven guaranteed home matches and a total of 59 games.
The top four teams will contest the semifinals and the Grand Final will take place over the same weekend.
The franchises will feature top Indian stars and some of the top international cricketers
The matches will be played under lights between 7pm and 10 pm and USD three million prize money would make the tournament the most lucrative in domestic cricket.