Finally, Kerala also got the genuine waves of IPL celebrations. The new Cochin IPL team is owned by a group of companies under the leadership of Rondevu Sports World Ltd. They owned the Cochin IPL team for a sum of 1533 crore Rs. Along with Cochin, Pune also got IPL team for 1702 crore RS. This team is owned by Sahara Adventurous group. Shailendra Gaikwad from Gujarat is the chairman of Rondevu Sports World Ltd. The Operations of the Kerala team will be coordinated by Vivek Venugopal from the Elite group Thrissur. Mr. Vivek is running his own firm called Trading and Infrastructure in Bangalore.

The major investors other than Rondevu Sports World Ltd are Parini developers, Film Wavees and Anchor Earth.

The IPL auction was held at Hotel Park Sheraton in Adayar. The Kerala Cricket association secretary T.C Mathew and the representatives of the companies were present in the function. The chief coordinator of the Kerala IPL team Shasi Tharoor was not present in the auction. The ownership of the team is for 10 years. The new teams will hit the ground by the year 2011. The total number of IPL teams has now become 10. There will 94 matches a year. The auction of the players to various teams will be held on September. The 2 cities were selected from the list of cities including Cochin, Pune, Ahmadabad, Kanpur, Nagpur, Dharmashala, Vishakapatanam, Cuttack, Rajkot, Baroda, Indore and Gwalior.

The highest bid was from Sahara and the second highest was from Rondevu Sports World Ltd. Sahara was able to select the city of their choice, and they selected Pune. Now Maharashtra has got 2 teams.

All the South Indian states have now got IPL teams. Kerala now has Cochin team, Bangalore Royal Challengers for Karnataka, Hyderabad Deccan Chargers for Andhra Pradesh and Chennai super kings for Tamil Nadu.

The IPL team of Cochin brings great hope to Kerala. It can provide a very good and respectable International branding for Cochin and Kerala. The players from Kerala can get the opportunity to play with International players. The IPL can generate more new players from Kerala. The funds and benefits for Kerala Cricket association from BCCI will increase. This can result in the construction of more stadiums and improvement of the existing ones.

Kerala will host 9 IPL matches a year. The people of Kerala can get easy opportunity for watching these matches. People from different places will come to Kerala for seeing the match. This will increase the revenue of the state. IPL will a great boon for tourism and business in Kerala.