CSA T20 League: IPL 2023: Struggling to generate revenue, Cricket South Africa (CSA) has received a huge windfall of cash. The CSA has gotten richer by $150 million or Rs 1200 Crore by auctioning six franchises to IPL team owners for South Africa T20 League. As per reports, Johannesburg, Cape Town and Durban franchises paid around $10 million each while the other three cities received $5 million each. Follow South Africa T20 League & IPL 2023 Live Updates on InsideSport.IN.
Reliance Industries (Mumbai Indians), RPSG Sports (Lucknow Super Giants) and Chennai Super Kings paid sums of around $3-5 million to secure the Cape Town, Durban and Johannesburg franchises. Port Elizabeth, Paarl and Pretoria went to Sunrisers Hyderabad, Rajasthan Royals and Delhi Capitals owners respectively.
CSA T20 League: HUGE WINDFALL for Cricket South Africa, receives Rs 1200 Cr from auction of franchises to IPL teams: Check OUT
The $150 million will be paid over 10 years while the CSA has also guaranteed $1 million for each team every year from the broadcasting rights. The franchises will also earn from sponsorships and tickets. But even then, all six will suffer losses initially.
However, with $55-60 million (Rs 400 Cr) profits from IPL, the IPL franchise owners are not bothered about the losses. Instead, through South Africa T20 League, it can expand its footprints globally.
CSA T20 League: HUGE WINDFALL for Cricket South Africa, receives Rs 1200 Cr from auction of franchises to IPL teams: Check OUT
| Home Stadium | Owners | IPL Franchise | Amount (approx in USD/year) |
| Newlands, Cape Town | Reliance Industries Limited | Mumbai Indians | $3-4 million |
| Kingsmead, Durban | RPSG Sports Private Limited | Lucknow Super Giants | $3-4 million |
| Wanderers, Johannesburg | Chennai Super Kings Cricket Limited | Chennai Super Kings | $3-4 million |
| SuperSport Park, Pretoria | JSW Sports | Delhi Capitals | $2.5 million |
| St George’s Park, Gqeberha (Port Elizabeth) | Sun TV Network Limited | Sunrisers Hyderabad | $1.5 million |
| Boland Park, Paarl | Royals Sports Group | Rajasthan Royals | $1 million |
CSA T20 League: HUGE WINDFALL for Cricket South Africa, receives Rs 1200 Cr from auction of franchises to IPL teams: Check OUT
🚨 Official: After Rajasthan 🇮🇳 and Barbados 🇧🇧, the Royals are set to have a team in Paarl 🇿🇦 too. #RoyalsFamily pic.twitter.com/h0VXpMbArv
— Rajasthan Royals (@rajasthanroyals) July 21, 2022
Hiccup for CSA: However, despite the windfall, Cricket South Africa has a hiccup to deal with. Hermis Sports and Entertainment ltd has sent a legal notice to CSA. The company was a part of Global League T20 which was abandoned. Hermis claims that since it was part of the abandoned project, it has the first right to refusal.
A Johannesburg-based law firm has sent the notice on Wednesday, claiming that Hermis will explore all legal options if the CSA does not confirm its rights. The firm also threatened to consider applying for urgent restraining order if the CSA continues with the process of awarding license to franchise owners. If the court sides with Hermis Sports, CSA may have to abandon the South Africa T20 League as well.
Conceptualised by former ICC and CSA CEO Haroon Lorgat, Global League T20 never saw the light of day. Just a month before its first match in 2017, the league wast postponed as CSA failed to secure television rights and a title sponsor. After postponing it twice, the league was abandoned.
CSA T20 League: HUGE WINDFALL for Cricket South Africa, receives Rs 1200 Cr from auction of franchises to IPL teams: Check OUT
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