IPL Franchisees Now Purchase All Six Teams in South Africa
JOHANNESBURG, (IANS) – IPL franchise owners of teams Mumbai Indians, Chennai Super Kings, Lucknow Super Giants, Sunrisers Hyderabad, Rajasthan Royals, and co-owners of Delhi Capitals on July 20 were announced as winners of purchasing all six teams in South Africa’s upcoming new T20 League.
The open bid process, managed by Deloitte Corporate Finance, attracted over 29 entities who expressed interest in owning a franchise worldwide.
Reliance Industries Limited, owners of Mumbai Indians, will operate the Cape Town team based at Newlands while RPSG Sports Private Limited, owners of Lucknow Super Giants, bought the Durban franchise based at Kingsmead.
Sun TV Network Limited, owners of Sunrisers Hyderabad, picked Gqeberha franchise with home venue at St George’s Park while Chennai Super Kings Cricket Limited, acquired the Johannesburg franchise.
Royals Sports Group, owners of Rajasthan Royals, bought the Paarl franchise based at Boland Park while JSW Sports, co-owners of Delhi Capitals, bought the Pretoria franchise.
The move means that the global expansion of the IPL franchises is moving at a fast pace.