LPL 2021: Lanka Premier League terminates ownership of Colombo Kings, Dambulla Viiking franchises

LPL 2021: Lanka Premier League: Ownership of Colombo Kings, Dambulla Viiking franchises terminated
LPL 2021: Lanka Premier League: Ownership of Colombo Kings, Dambulla Viiking franchises terminated

LPL 2021 – Lanka Premier League: Ownership of Colombo Kings, Dambulla Viiking franchises terminated- With the second edition of the Lanka Premier League (LPL) set to commence shortly, the Innovative Production Group FZE (IPG) & Sri Lanka Cricket (SLC) has decided to terminate the ownership of the franchises of Colombo Kings and Dambulla Viiking for the reason of non-compliance.

LPL 2021 – Lanka Premier League: It is worth noting that Colombo Kings was owned by a Dubai based Indian businessman Murfad Mustafa while Guthka baron Sachin Joshi owned Dambulla Vikings.

InsideSport has learnt from its sources that both teams were terminated on account of non-payment of dues to the commercial right holders of the league.

LPL 2021: Lanka Premier League terminates ownership of Colombo Kings, Dambulla Viiking franchises, new franchises ownership getting finalized

The league’s commercial partners has claimed that they have recieved multiple requests from many interested parties to buy the terminated teams and they will announce the teams soon.

According to IPG Media Group, the ownership will be finalized keeping with the requirement of the International Cricket Council (ICC) & Sri Lanka Cricket. The organizers further claimed that they have submitted all KYC documents for approval to finalize the new set of owners for the said teams.

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LPL 2021 – Season Schedule & Other Details: Earlier in June, Sri Lanka Cricket (SLC) confirmed that that the second season of LPL will start on July 30 and the final will be played on August 22. The inaugural edition of the Lanka Premier League (LPL) which was played in a bio-secure bubble at the Mahinda Rajapaksa International Cricket Stadium in Hambantota from November 26 till December 16, 2020, reached a cumulative audience of 557 million people through TV, digital-social space, and traditional media outlets.

SLC is confident that the success of the inaugural tournament has given it the ideal platform to conduct the upcoming edition with much vigour. “With last year’s success, we are expecting a good turnaround of overseas players, enhanced competition between the franchises, increased interest by the sponsors., and most importantly the fan engagement from across the globe to increase further,” said Ravin Wickramaratne, Vice President of Sri Lanka Cricket.