This is real steal because ICL was on and they started this all with huge money and good management some reall big names was also doing good marketing for them as BCCI check first edition they start their own plan as Lalit Modi was also really good even he was some corrupt and greedy but started very good on good time which is now Gold Mine for BCCI after Australian Cricket Board BCCI mean business these two boards are doing all this for good money but India is going with big advantage of big market in cricket.
It was Subhash Chandra who came up with the ICL, because the BCCI under Srinivasan and Sharad Pawar would award TV rights only to their cronies. BCCI never expected the ICL to be successful, but it was able to generate a lot of revenues. Ego was hurt and the BCCI decided to destroy the ICL once and for all, by starting a league of their own. So they revived the idea of a franchise based league, which was discarded multiple times earlier. In the end, it turned out to be a boon for the BCCI. The IPL now accounts for the majority of the BCCI revenues.