Indian companies pick up all 7 Sri Lanka Premier League franchises

Submitted by ITV Production on Jun 28
indiantelevision.com Team

MUMBAI: It?s the Indian money that will bankroll the Sri Lanka Premier League as all the seven franchises have been bought by Indian business enterprises despite the fact that Indian players won?t be part of the league, the very reason why the tournament was postponed last year.

Leading the flock is Wadhawan Holdings which bought Wayamba for $5.02 million, thereby making it the costliest franchise. Number One Sports Consulting bid $4.98 million to bag the Kandurata franchise.

The Uva and Ruhuna franchises went to Success Sports and Pearl Overseas respectively for $4.6 million each.

Indian Cricket Dundee bought the Basnahira franchise for $4.33 million, while Uthura was snapped up by Rudra Sports for $3.4 million.

Pepsi Sri Lanka?s bottler, Varun Beverages Lanka, bid $3.22 million for owning the Nagenahira franchise. The Sri Lankan subsidiary is part of India-based Varun Beverages group.

The seven franchises have collectively committed $30 million for a period of seven years.

The first edition of the SLPL will be held from 10-31 August. The seven teams will play a total of 24 matches at R Premadasa Stadium in Colombo and the Pallekele International Cricket Stadium.

The players will be selected through draft process on 5 and 6 July. They will be divided into two groups with the first group comprising players from Sri Lanka while the second group will include foreign players.

The SLPL Franchise owners:

  • Wayamba ? Wadhawan Holdings Private Limited ($5.02 million)
  • Kandurata - Number One Sports Consulting Private Limited ($4.98 million)
  • Ruhuna - Pearl Overseas Limited ($4.6 million)
  • Uva Success Sports Private Limited ($4.6 million)
  • Basnahira -Indian Cricket Dundee Limited ($4.33 million)
  • Uthura - Rudra Sports Private Limited ($3.4 million)
  • Nagenahira - Varun Beverages Lanka Private Limited ($3.22 million
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