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The IPL auction is a yearly event conducted by BCCI to auction the cricket players to various franchisees. A dedicated auctioneer controls the proceedings of this multi-day event. IPL franchises fiercely bid for the listed players. The auction ends with a settled squad for every IPL team.

The IPL's headquarters are located in the Cricket Centre, next to the Wankhede Stadium in Churchgate, Mumbai. The Governing Council is responsible for the league's functions, including the organization of tournaments. As of April 2024, its members included Arun Singh Dhumal Chairman Jay Shah Honorary Secretary BCCI, Member Ashish Shelar Honorary Treasurer BCCI, Member Avishek Dalmiya Member Vankina Chamundeswara Nath Indian Cricketers' Association's representative, Member CM Sane Comptroller and Auditor General of India Nominee, Member.