IPL champions to get Rs 48 million

New Delhi, Apr 4 (UNI) The winners of the cash-rich Indian Premier League (IPL) will receive a stagerring Rs 48 million.

This is the highest prize money for any cricketing event to be played in India.

The total prize money will be a mindboggling Rs 120 million with the runners-up receiving Rs 24 million. The two losing semi-finalists would be richer by Rs 12 million each.

The team finishing fifth will collect Rs 8 million and the sixth finisher will earn Rs 7 million.

Meanwhile, the team finishing seventh on the league table will get Rs 5 million while the eighth finisher will earn Rs 4 million.

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