Delhi Capitals, Chennai Super Kings, Mumbai Indians, Rajasthan Royals as well as a group led by Kevin Pietersen have expressed interest in buying a franchise in South Africa’s new T20 League. Starting in January next year, the tournament will have six teams, who will face each other twice. After 30 league matches Playoff matches will be played.
Second Best T20 League
This is Cricket South Africa (CSA)’s third attempt to introduce a T20 competition after the Global League T20 in 2017 and the Mzansi Super League played in 2018 and 2019. According to a document shared at a special meeting of CSA members, CSA is aiming to create the “second best T20 league in the world” after the IPL. It has admitted that only the IPL has achieved success at the world level and that there is a difference between the IPL and other leagues.
Tied up with Expert
To make this new league successful, it has roped in Sundar Raman, the former Chief Operating Officer (COO) of IPL. Raman has secured a minority stake in this tournament. According to the document, Raman holds a 12.5 percent stake. The board will hold a 57.5 percent stake while broadcaster SuperSport will hold the remaining 30 percent.
How CSA will earn from this League
CSA is anticipating that the league will cost around 56 million dollars in 10 years and will earn 30 million dollars in the same period. However, if we add to this the commitment of SuperSport to pay 89 million dollars, then it will give an opportunity to the board and the teams to make a huge profit. In both the above-mentioned previous competitions, CSA had suffered losses. Keeping in view the success of IPL, CSA has decided to organize a T20 tournament. CSA hopes that by 2033, he will change the map of South Africa’s cricket. Under the plan, they estimate that from the 11th year of the competition, each franchise will give 20 percent of its earnings to the board.
South Africa will host ICC Tournaments
South Africa is to host three ICC tournaments in the next five years. The Women’s T20 World Cup is to be played in February, immediately after the Women’s Under-19 T20 World Cup in January 2023. After this, South Africa will host the Men’s ODI World Cup in 2027 along with Namibia and Zimbabwe.
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