The ten IPL franchises will be divided into two groups of five each for the fourth season of the competition in 2011, which has been scaled down to 74 matches from the 94 proposed under the old format. Apart from changing the tournament's format at a meeting in Mumbai, the league's governing council also decided that the franchises would be able to retain four players in their squads - a maximum of three Indians and two foreign players - while the rest would go into the auction scheduled for November. The tournament will begin five days after the 2011 World Cup final on April 2.
The franchises' spending power for the season has been capped at $9 million.
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