Banglore Royal Challengers			Channai Super Kings
	Captain: Rahul Dravid Coach: Venkatesh Prasad Franchisee: UB Group Franchise cost: $111.6 Million			Captain: Mahendra Singh Dhoni Coach: Kepler Wessels Franchisee: India Cements Franchise cost: $91 Million
Deccan Chargers			Delhi Daredevils
	Captain: VVS Laxman Coach: Robin Singh Franchisee: Deccan Chronicle Franchise cost: $107.01 Million			Captain: Virender Sehwag Coach: Greg Shipperd Franchisee: GMR Holdings Franchise cost: $84 Million
Kings XI Punjab			Kolkata Knight Riders
	Captain: Yuvraj Singh Coach: Tom Moody Franchisee: Preity Zinta, Ness Wadia, Mohit Burman and Karan Paul Franchise cost: $76 Million			Captain: Sourav Ganguly Coach: John Buchanan Franchisee: Red Chiilies Entertainment Franchise cost: $79.09 Millions
Mumbai Indians			Rajasthan Royals
	Captain: Sachin Tendulkar Coach: Lalchand Rajput Franchisee: Reliance Industries Ltd Franchise cost: $111.9 Million			Captain: Shane Warne Coach: Shane Warne Franchisee: Emerging Media Franchise cost: $67 Million

Indian Premier League is a tournament which is based upon eight franchises that play against one another against a league on equal home and away basis. The first season of the IPL debuted on 2008. The second season will probably start in April 2009. The five ways through which a franchise can acquire a player is in annual auction, buying domestic players, signing uncapped players through trading and buying replacements. In the trading window the player can only be traded with his consent. The trade window for IPL teams 2009 was held in late December 2008 and early January 2009.

The format of the IPL 2009 tournament will remain the same as it was for the IPL 2008. All the 8 franchised IPL teams would compete against each other in a 44 days tournament, with about 59 matches. Each team will play with the other team for twice. Amongst them, the top four teams will reach the semi finals and the successful semi-finalists would go for the grand final.

The names of the eight IPL teams are Bangalore Royal challengers, Kings XI Punjab, Chennai Super Kings, Kolkata Knight Riders, Mumbai Indians, Rajasthan Royals, Deccan Chargers and Delhi Daredevils. The auctions for the IPL 2009 player will be held on February 6. The IPL 2008 was a great success and thus the IPL 2009 has become a much awaited event by both cricketers and their fan-following.

Although the format of the tournament is kept same, some rules have been changed for the 2009 edition of the IPL. The number of foreign players in the any of the IPL teams has been increased from 8 to 10. Besides, the purchase cap for players has been increased from 5 to 7 million. Apart from all these, the English players have been allowed by England and Wales Cricket Board (ECB) to play for 21 days.