All 6 franchises in the new South Africa T20 League are purchased by IPL team owners
IPL team owners have purchased the six franchises that will compete in the new T20 league in South Africa's debut season.
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Owners of franchises in the Indian Premier Competition have purchased the six clubs in the new South African T20 league, which is scheduled to begin in January of next year (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 are owned by Reliance, and Lucknow Super Giants are owned by RPSG. The Rajasthan Royals and Delhi Capitals are owned by Royals Sports Group and JSW Sports, respectively, while Sun TV is the owner of SunRisers Hyderabad. Of course, Chennai Super Kings Cricket Limited is the company that owns CSK.
In a statement, Cricket South Africa stated that "the six franchise owners for South Africa's T20 League have been confirmed following a thorough process over the past few months."
"Deloitte Corporate Finance's open bid procedure drew more than 29 organisations who wanted to own a franchise globally. In order to own a franchise, more than ten locations were made available, and all ten of them received expressions of interest "the sentence included
The franchise that Reliance has acquired will have its headquarters in Newlands, Cape Town.
The Durban Kingsmead-based franchise has been acquired by RPSG.
The club owned by the Chennai Super Kings will play out of Wanderers in Johannesburg, while the Sun TV Network franchise will call St George's Park, Gqeberha, home.
The Royals Sports Group's team will play at Boland Park in Paarl, and the JSW Group's team will play at SuperSport Park in Pretoria.
"The South African League, which will take place in January and February 2023, is happy to welcome our new franchise owners. The tremendous interest in South African cricket indicates that the nation is still respected in the global cricketing eco-system, and it is a very exciting period for the sport "Graeme Smith, the commissioner of the league, was cited as saying.
