IPL Team Owners Purchase All Six Franchises In New South Africa T20 League. IPL team owners have purchased the six franchises that will compete in the inaugural season of South Africa’s new T20 league.
The six teams in the new South African T20 league. Which will begin in January next year, have been purchased by owners of Indian Premier League franchises (IPL). The bids for the six franchises were won by Reliance Industries Limited, RPSG Sports Private Limited. Sun TV Network Limited, Chennai Super Kings Cricket Limited, Royals Sports Group, and JSW Sports. Mumbai Indians own by Reliance, while Lucknow Super Giants are own by RPSG. Sun TV owns SunRisers Hyderabad, while Rajasthan Royals and Delhi Capitals are own by Royals Sports Group and JSW Sports, respectively. CSK is, of course, owned by Chennai Super Kings Cricket Limited.
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IPL Team Owners Purchase All Six Franchises In New South Africa T20 League
“The six franchise owners for South Africa’s T20 League have been confirm. Following a rigorous process over the past few months.” Said Cricket South Africa in a statement.
“The open bid process, managed by Deloitte Corporate Finance, drew over 29 entities interested in owning a franchise globally. Over ten franchise locations were made available to interested bidders, and all ten received expressions of interest “the statement continued
Reliance has purchased the franchise, which will be based in Newlands, Cape Town.
RPSG has acquired the Durban franchise based in Kingsmead.
The Sun TV Network’s team will play at St George’s Park in Gqeberha, while the Chennai Super Kings’ team play at Wanderers in Johannesburg.
The Royals Sports Group’s team will play at Boland Park in Paarl, while the JSW Group’s team will play at SuperSport Park in Pretoria.
“We are delighted to welcome our new franchise owners to the South African League, which take place in January and February 2023. This is an extremely exciting time for South African cricket; the overwhelming interest demonstrates that the country is still value in the global cricketing eco-system ” According to the league’s commissioner. Graeme Smith.
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