2) No relegation system:
IPL governing council decides how many teams will play in a particular year. But in EPL, many teams fight for survival as if they relegate from the premier division their survival will be under question. They will lose huge funds too. Winning the championship laurel and relegation both romance the fans. And unlike winning IPL through a final match that makes an abrupt end of the tournament the point system of EPL creates a pleasant tension among the fans that keep their passion intact for their favourite teams.
And EPL is a yearlong tournament from the beginning of the tournament while IPL is only a two months old cricktainemnt.