South Africa T20 League – IPL Teams CSA League: Cricket South Africa (CSA) for 3rd time is attempting to revive their T20 League. This time courtesy former IPL Executive Sundar Raman & few IPL Teams. It is reliably learnt that Raman has been handed stake in the league. He in turn is getting Mumbai Indians (MI), Chennai Super Kings (CSK), Rajasthan Royals (RR) & Delhi Capitals (DC) as team owners in the South African Cricket Leauge: Follow Cricket News LIVE Updates & IPL 2022 LIVE Updates with InsideSport.IN
IPL Teams CSA League: The first edition of the as yet unnamed six-team competition is planned for January 2023. The new league will have USD 2 million as Prize Money.
The teams will have USD 1.5 million to spend on signing the players.
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IPL Teams CSA League – Cricket South Africa T20 League: It is to be noted that CSA twice has launched the T20 Leagues in past. But both the attempts resulted in failure and huge losses for CSA.
- Global League T20: The league was announced with much fanfare but it never took off
- Mazansi Super League: The troubled league took place for two seasons. CSA did not sell the teams. The league resulted in huge losses for CSA.
According to reports in South African newspapers, CSA has lost in tune $18-20MN in both the failed ventures & have now decided to adopt the new model.
Cricket South Africa T20 League – How the new league structure will work? After few failures now CSA has roped in former IPL COO Sundar Raman to run the league. According to a report by Cricbuzz, Raman has been given 12.5% stake in the league.
- A new commercial entity is being formed to park all the rights of the league
- The commercial entity has very interesting holding structure.
- 12.5% share in the company is given to Raman. CSA owns 57.5% stake. For the first time Broadcaster SuperSports has been made the stakeholder and owns 30% in the league.
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IPL Teams going Global: For Mumbai Indians (MI), Rajasthan Royals (RR) & Delhi Capitals (DC) this will be their second investment in any foreign league.
MI & DC have bought teams in yet to be launched Emirtes T20. While Rajasthan Royals has investment in team in Carribbean Premier League.
If CSK confirms their participation in the South African T20 League than it will be their first investment in any foreign T20 League.
Other than this Kolkata Knight Riders & Punjab Kings owns teams in CPL.
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