Indian corporates eye stake in OZ T20 League
New South Wales and Victoria, the powerhouses in Australian domestic cricket, are scouting for Indian investors to pick up stakes in their T20 teams.cricket Updated: Dec 01, 2010 23:36 IST
New South Wales and Victoria, the powerhouses in Australian domestic cricket, are scouting for Indian investors to pick up stakes in their T20 teams.
Cricket Australia had recently approved private investment into state's T20 sides for their proposed IPL-like T20 League that's scheduled to kick off from January 2012.
Jamie Stewart, managing director Commune Sports and Entertainment - the company that NSW and Victoria have hired to raise private equity investment- claims at least there big Indian Corporate Houses have shown interest and are in discussions with the Australian domestic sides.
"I can't tell you the names, but many corporate houses have shown interest and at least three of them are in discussions," said Stewart.
Apart from the Indian investors, the Australian franchise is certain to eye Indian players and Indian market as well. "It's obviously going to be a huge plus if Indian players, too, could find time to be a part of the league. But even if they can't, the Australian T20 League will certainly attract eyeballs as Australia's current T20 tournament, Big Bash, has good following in India."
On whether it's going to rival the IPL, the Australian sounded sure that it won't. "IPL will remain the dominant league. Nevertheless, the Australian league to could flourish and provide significant opportunities to all those concerned and interested."
First Published: Dec 01, 2010 23:34 IST