HomeCricket NewsIPL franchises owners buy all 6 teams in South Africa's new T20...

IPL franchises owners buy all 6 teams in South Africa’s new T20 League

There is a good news coming up all the way from South Africa as there will an another league just like the IPL is going to start, in which IPL franchises owners bought all the six teams of the tournament to make the event mini IPL.

The media reports that the bidding ended on Wednesday, July 13, after receiving 29 Expressions of Interest (EoIs). Mukesh Ambani of the Mumbai Indians, N Srinivasan of the Chennai Super Kings, the Marans of SunRisers Hyderabad, Sanjiv Goenka of the Lucknow Super Giants, Manoj Badale of the Rajasthan Royals, and Parth Jindal of the Delhi Capitals, and have reportedly left the room with the six franchises that were up for grabs.

The report has established that the franchise owners listed above have already won their respective bids and have been informed by the Cricket body, despite Cricket South Africa’s (CSA) claims that they will divulge the franchise owners’ information by the end of this month.

Who spent the most in South Africa T20 League?

As per reports, MI and CSK made the biggest financial offers with almost INR 250 crores. Just like the IPL model, each franchise will be required to pay 10% of the franchise price over a ten-year period.

“Mumbai Indians are set to have their team in Cape Town. Chennai Super Kings, one of the most popular IPL franchises, is likely to be given the franchise based Johannesburg while Jindal, the co-owner of the Delhi Capitals, will have his team based out of Centurion in Pretoria. It will be called te Pretoria Capitals,” the reports said.

“Of the remaining two cities, SunRisers Hyderabad could have its team in Port Elizabeth while the Royals are expected to have their base in Paarl,” it added.

Sanjiv Goenka, who secured the IPL franchise for Lucknow last year, is reported to be interested in the Durban team.

The competition, which is scheduled to start next year, will include some major players from around the globe. However, it will clash with another new event that is taking place at the same time in the United Arab Emirates, which could split the world’s top cricket players as many renowned players are supporting the UAE competition.

 

Vineet Vashisht
Vineet Vashisht
Experienced News-writer and presenter with a demonstrated history of working in the sports industry.

Most Popular

Recent Comments