Sunday, December 04, 2022

CSA invites bids for Liga T20; 29 parties express interest


Ipl Franchises Such As Delhi Capitals, Chennai Super Kings, Mumbai Indians And Rajasthan Royals Have Shown Interest

IPL franchises such as Delhi Capitals, Chennai Super Kings, Mumbai Indians and Rajasthan Royals have shown interest © Getty

MSL – Reimagined, South Africa’s latest attempt to start a Twenty20 league after two failed attempts is set for the first major leap towards the lineup. Cricket South Africa (CSA) invited interested parties to submit proposals and appointed the international auditing firm, Deloitte & Touche, to carry out the assessment. Monday (July 11) was the initial deadline which was extended by two days (until July 13) at the request of the participants. “Teams will be announced at the end of the month,” a senior CSA official told Cricbuzz.

After the first expressions of interest (EoI) from Indian Premier League (IPL) franchises such as Delhi Capitals, Chennai Super Kings, Mumbai Indians and Rajasthan Royals and a consortium led by Kevin Pietersen, CSA received 29 EoIs, including some other IPL and Pakistani Super League (PSL) owners. One of the big names finding interest is believed to be CVC Capitals, the US-based private equity firm that owns Gujarat Titans, the reigning IPL champion.

Among others in the fray are some investors in the former 2017 GL T20 – abandoned for various reasons, ‘including the lack of a broadcast partner’ – such as Dubai-based Channel 2 Group Corporation, which has named its Port Elizabeth team Nelson. Mandela Bay Lahore Qalandars, owned by Sameen Rana of the PSL. CSA officials confirmed that there is no base price but the allocation of teams will be made in the financial evaluation of the proposals.

While there is no official confirmation, word among interested IPL teams in India is that the CSA will have six franchises, with two of them likely reserved for local South African investors. The CSA intends to hold the league in January-February, even if the decision means the window will collide with another new league – Emirates Cricket Board (ECB) IL T20.

The big talking point in world cricket today is the competition between the UAE and South Africa leagues and the dispute for representatives of the two boards to attract the best foreign talent and be the second best league after the IPL. “There is a clear gap between the best (IPL) and the 2nd best league. The CSA should therefore focus on the opportunity to create the 2nd best T20 league in the world,” reads a CSA league document.

The league, with three main promoters – (CSA 57.5%, SuperSport 30% and Sundar Raman 12.5%) – aims to expand in the future and wants to have the IPL format of six teams playing home and away (30 league games and four playoffs). matches) allowing the participation of 100 local players and more than 40 foreign players. The XI at stake can have up to five internationals and the salary cap has been set at $1.5 million per team.

© cricbuzz

Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.

Latest News

Related Stories