DLF is a company which sponsors the IPL
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DLF stands for Delhi Land and Finance and IPL stands for Indian Premier League
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DLF stands for DLF Limited the chief sponsor for the IPL tournament. DLF is a leading real estate and infrastructure company in India.
DLF Limited, or DLF (Delhi Leasing and Finance) is an Indian real estate developer based in New Delhi, India.DLF is currently sponsoring Indian Premier League(IPL), a Twenty20 format cricket league in India.DLF Group has paid US $40 million to be the title sponsor of the tournament for 5 years.
BCCI - Board of Control for Cricket in India is the owner of IPL. They own/run the tournament