South Africa T20 League Ownership: Cricket South Africa confirms that six franchise owners of IPL have bagged the rights to own the teams of newly launched South Africa’s T20 league.
South Africa T20 League Ownership
“The six franchise owners for South Africa’s T20 League have been confirmed following a rigorous process over the past few months,” Cricket South Africa said in its release.
“The open bid process, managed by Deloitte Corporate Finance, attracted over 29 entities who expressed interest in owning a franchise worldwide. Over 10 venues were made available for interested bidders to own a franchise and all 10 of them received expressions of interest,” the statement added.
RPSG have bought the franchise based out of Kingsmead in Durban while Reliance have bought the franchise which will have their home in Newlands, Cape Town.
The Chennai Super Kings-owned team will play out of Wanderers in Johannesburg while the Sun TV Network’s franchise will have their home in St George’s Park, Gqeberha.
|Successful Bidder||Venue, City|
|Reliance Industries Limited, owners of Mumbai Indians||Newlands, Cape Town|
|RPSG Sports Private Limited, owners of Lucknow SuperGiants||Kingsmead, Durban|
|Sun TV Network Limited, owners of Sunrisers Hyderabad||St George’s Park, Gqeberha (formerly Port Elizabeth)|
|Chennai Super Kings Cricket Limited, owners of Chennai Super Kings||Wanderers, Johannesburg|
|Royals Sports Group, owners of Rajasthan Royals||Boland Park, Paarl|
|JSW Sports, co-owners of Delhi Capitals||SuperSport Park, Pretoria|
Graeme Smith, who was recently appointed the head of the league, expressed his delight at the turn of events.
“We are thrilled to welcome our new franchise owners to the South African League taking place in January and February 2023. This is truly an exciting time for South African cricket; the overwhelming interest shows that the country remains valued in the global cricketing eco-system.”
“The strong sports background of the respective owners and the global brands they manage ensures that South African cricket and the broader industry will benefit from their expertise and resources, as they bring stability and experience to the League,” Graeme Smith added.