The Board of Control for Cricket in India(BCCI) rushed into having a T20 league of its own, after business tycoon Subhash Chandra started the ICL (Indian Cricket League).
The BCCI acted like a bully, barring ICL players from been selected to the Indian national team, and 'declared war' against the legendary Kapil Dev, just because he was one of the main driving forces behind ICL.
Suddenly, people who had nothing to do with cricket were part of the game. All they had to have was money, loads of it. Former cricketers as team owners would have been ideal, but the IPL has only made it evident that the 'maximum profit' factor has taken over and crossed limits that make international cricketers part of a performing circus.
Still, cricket survives, because there are players out there, playing the game like they want to, with no inhibitions. Sports and games have always allowed the participants the freedom to perform, that one thing can't be denied.