IPL franchise owners buy all six teams in South Africa's new T20 league

IPL franchise owners buy all six teams in South Africa's new T20 league
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Financial Analyst Intern
Publish Date20 July 2022
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The global footprint of the IPL is expanding swiftly with its franchise owners set to buy all six teams in South Africa's new T20 league, the inaugural edition of which is scheduled for January 2023.ESPNcricinfo has learned that Mumbai Indians, Chennai Super Kings, Lucknow Super Giants, Sunrisers Hyderabad, Rajasthan Royals and one of the owners of Delhi Capitals have successfully bid for the franchises. The league will be run by Cricket South Africa in partnership with television broadcaster SuperSport.

It is understood that CSK, through parent company Chennai Super Kings Sports Limited, made the highest bid at an informal auction to buy the Johannesburg franchise.

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