Saudi Arabia plans to launch a high-profile T20 cricket league after its investment in football, golf and many other sports. However, the proposed T20 League is unlikely to get support from the Control Board for Cricket in India (BCCI) and England and Wales Cricket Board (ECB).
Supported by Saudi Arabia’s SRJ Sports Investments, Public Investment Fund (PIF), has promised to launch the Global T20 Cricket League with an investment of $ 400 million. The project will feature eight teams competing in four tournaments every year at various international places.
BCCI, ECB refused to return Saudi Arabia’s ambitious to 34,000 crore T20 league
According to the Guardian, the Control Board for Cricket in India (BCCI) and England and Wales Cricket Board (ECB) have decided to oppose Saudi Arabia’s proposed T20 League to protect their own marki competitions.
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During the recent discussion in the World Test Championship final at the Board Lords, his players agreed to refuse the No Object Certificate (NOC). In particular, BCCI and ECB have planned to advocate the ICC to withdraw official recognition or support for the Saudi -backed tournament.
“During the discussion in the World Test Championship Final at Lord’s in this month, ECB and BCCI agreed to unite to oppose the new league. The board agreed that they agreed that they would issue” no objection certificates “to sign up to their players to sign up for a new competition, as well as lobbying to the International Cricket Council (ICC) to return their endocries (ICC). The letter wrote.
Cricket Australia opened for Saudi Arabia’s proposed T20 League
However, Cricket Australia (CA) is interested in partnership with Saudi Arabia’s T20 League. The CA sees it as an opportunity to promote financial boost. The Big Bash League (BBL) franchises are still owned by CA and its state associations.
“Under the schemes emerged in Australia this year, Saudi’s SRJ Sports Investments have promised to inject the USD 400 meters to set up the new league, with eight teams playing four tournaments in different places every year, which is in a set-up compared to the Grand Slam of Tennis,” The Guardian has written.
Cricket South Africa earned more than £ 100 million by selling SA20 franchise
The Indian Premier League (IPL) remains the most valuable cricket tournament, priced at $ 12 billion. Meanwhile, ECB recently sold 49% stake in its ‘hundred’ franchise for about £ 520 million (about $ 700 million).
According to The Guardian, Cricket South Africa achieved more than £ 100 million (USD 136 million) by selling the SA20 league franchise to the owners of the IPL team three years ago.
The report said, “Cricket South Africa picked up more than GBP 100M (USD 136 million) by selling franchises to the owners of the Indian Premier League three years ago in their SA20 competition.”
According to the report, the International Cricket Council, which is currently under the leadership of former BCCI Secretary J Shah, is unlikely to take any steps against the interests of the Indian Board.
In particular, on 9 May, 2024, the ICC announced a four -year expansion of its global sponsorship agreement with the oil legends owned by Saudi Arabia.
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