Cricket Australia approves new T20 league 01/11/2010 |
|
| |
| |
Cricket Australia (CA) has approved an Indian Premier League-style competition but admitted that the eight-team event would not be able to rival the commercial power of the IPL.
After the board meeting in Melbourne on Friday (October 29), chief executive James Sutherland said CA was "amenable" to private ownership in the expanded Big Bash League from the 2011/12 season but that finalising the terms would take more time.
"The board has considered the position of private investment into these teams and taken a view that the board is amenable to that situation," he said.
"It will, over the coming months, consider the terms under which that private investment may take place but the board is certainly open to that."
Local media reports claimed Indian companies were eyeing minority stakes in some of the teams, but Sutherland insisted that the new league would not compete with the glitzy IPL.
"I don't think we see ourselves as a competitor to the IPL [in terms of player earnings] and certainly the revenues that the Cricket Australia Big Bash League can generate," he added.
"In a small market such as Australia, it's not going to be the same as the Indian Premier League. But at the same time, this league is on the international stage and the teams that play off in the finals will qualify for the Champions League."
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
