Mumbai developer Mukesh Patel, who was the co-owner of the Indian Premier League (IPL) franchise Kochi Tuskers Kerala, has bought a team in the intra-city T20 league launched by Mumbai Cricket Association.
Kochi Tuskers Kerala was part of the IPL for just one season. The BCCI terminated the team for breaching its term of the agreement in 2011.
Kochi Tuskers was one of the two teams added to the IPL roster in the 2011 season along with Pune Warriors India.
However, with this new league started by the Mumbai Cricket Association, the owners have been given a new life in the cricketing world.
The Mumbai T20 League will be played at the Wankhede Stadium. The tournament will begin on 11th March and will end on 21st March. The league will feature six teams, named Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai North-Central, Mumbai South-Central, and Mumbai South.
The concept of the league is to extract talent and give local players an opportunity on a bigger stage.
The owners were finalized on Sunday evening, with Patel’s Parinee Developers buying a team in partnership with two other firms Star Connect Entertainment and Smash Footwear.
Sources close to the team informed that Patel even inked an agreement with a former tennis player and a movie star to run the team.
The base price for purchasing a team was Rs 3 crore with Rs 35 lakh as players’ salary cap. Each team will have to put up its players in a hotel and spend Rs 15 lakh on coaches.
IIFL Group and Wizcraft have been given the license to run the league for five years. However, the telecast rights are yet to be allotted for the league.
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