Sri Lanka Premier League 2012 June 20, 2012

Healthy investor interest shown in SLPL franchises


There is a healthy appetite for the privatisation of cricket in Sri Lanka, going by the number of potentially interested investors in the Sri Lanka Premier League. Despite uncertainty about the participation of Indian players in the event, an SLC official told ESPNcricinfo that they have issued 13 bid applications for the seven franchises so far, with significant interest from investors based in India as well.

"The last date for submitting the bids is June 25, so we could see as many as 15 or 16 applications being bought," the official said.

The base price for the franchises has been set at US$3 million, a far cry from the $50 million that the IPL set for the first team auction in 2008, but Sri Lanka is a much smaller market than India and the SLPL franchises are not being sold outright. They are being leased for a period of seven years, after which the franchisees will have to renegotiate their deals.

The decision to franchise the teams is a marked difference from the original intention last year, when SLC would have retained ownership of all seven teams rather than involve private enterprise. The results of the process are bound to be closely watched, as they could provide a blueprint for smaller countries that want to host their own Twenty20 leagues.

The deadline to submit bids is 2pm on June 25, and all the bids will be opened later the same day. The same investor can bid for up to three franchises. If one bidder submits the highest bid for more than one franchise, they will be allowed their choice of franchise. Once the franchises have been allotted, a player draft will be held to determine the composition of the teams.

The tournament starts on August 10, with the final to be held on August 31. There will be 24 games in total, split between Colombo and Pallekele.

Tariq Engineer is a senior sub-editor at ESPNcricinfo

Comments have now been closed for this article

  • Dummy4 on June 23, 2012, 15:10 GMT

    @KURUWITA ...i back your suggestion bro but the problem is these matches are going to be played day/night mode not like in india sl had only 4 grounds which can be played under lights now the dambulla stadium gone we only have three grounds kandy,hambanthota and colombo.that is why they can't play in other venues.but i really wonder why they can't play in hambanthota they spend a lot of money to build the ground but what is the result very few matches were played at that venue.but other areas i eally hope we build at least 2 grounds and take back dambulla ground if it is still available

  • Ray on June 23, 2012, 0:26 GMT

    This is my first post so bare with me. ive been reading these comments for a long time & i thought it was abt time i said what i had to say. First Off,SLPL great idea! i cant imagine the amount of improvement to Sri Lankan cricket & the country itself if this is successful. it will truly be a Blessing...

    however there has to be a lot of changes that needs to happen for the SLPL to be successful. DETAILS ARE KEY!, remembering that the SLPL needs to be presented to all the cricket playing nations not just Sri Lanka is also Vital for this operation. the following r imperative! 1. Names def needs to be changed ( uthura = North...and so on) 2. Clothing Colors and Designs needs to look Sharp, aggressive & professional (NO SHINY COLORS!)

    3. Pakistan's involvement is CRUCIAL just like India's (Pak fan base is an untapped resource by the other leagues that we can tap into) 4. 5 Foreign per Team per match

    more ideas comin soon

    there will always be haters, so SL keep u r chin up & On Wards!

  • Dummy4 on June 21, 2012, 19:24 GMT

    i am big fan of cricket being an indian i not only like indian premier league but also other leagues . no matter its ipl, bbl, bpl, slpl, or pakistan league. we should enjoy cricket !!!

  • Dummy4 on June 21, 2012, 12:23 GMT

    no need indians to play in sri lanka in slpl

  • Lalith on June 21, 2012, 10:56 GMT

    Venue selection is ridiculus. 7 provincial teams playing in only 2 venues.

    If SL really need to promot Matches sould be played provicila cities. Why can't they take to Badulla, Rathnapura, Jaffna, Kurunegala and batticaloa. They sould have organised at least few matches in Galle which is 3rd largest city of SL and Test playing southern capital. Galle is now easy access from Colombo in 1 hour.

  • Dummy4 on June 21, 2012, 9:12 GMT

    It would surely successful.There is a failure in IPL year by year

  • udendra on June 21, 2012, 8:59 GMT

    Indians will be pulling-off their hair (for not sending players) in months to come.

  • YOGENDRA on June 20, 2012, 20:38 GMT

    Fakibuzz, BPL teams' base price was $1 million and they were sold for $1.1 millions, please see below. SLPL teams's base price is $3 million and the sales will definitely bring more than BPL teams. IPL teams's base price was $50 million and were sold for $67 to $110 million, but then IPL is in different financial league.

    Form Cricinfo News item: "The auction for the six franchises of the Bangladesh Premier League has been completed with a total of $6.49 million spent, and none of the teams fetching much more than their base price of $1 million. Chittagong was the most expensive franchise at $1.2 million and Barisal the least at $1.01 million."

  • Dummy4 on June 20, 2012, 19:51 GMT

    The only problem with all the leagues including the IPL is in cricket the number of players are to few and there is alot of teams. What we see is for Example Gayle playing for local teams in India/Aus/Bangl/and WI. And for the champions league has to pick one side. There should be a rule that 1 player can join only 1 "club" and represent that cliub during the Champions League.

  • Dummy4 on June 20, 2012, 17:24 GMT

    This is great news for Sri Lanka.. especially when the board was struggling financially. People keep bringing up IPL for comparison but dont consider the popluation, size of country and other factors.

    For Sri Lanka, a franchise based system definitely helps them raise funds to support the players and infrastructure. Same thing goes to Bangladesh, Pakistan ( if they can pull it off) or Zimbabwe. Zimbabwe already is reaping tremedous benefits after they started the franchise system inviting players like Allan Donald, Gillespie etc. to coach the teams. Having these tournaments are definitely good for players too where we will see new talents from other side of the world.

    The real issue will become when the schedule clashes. If BPL, IPL, SLPL and Big Bash schedule clashes, I wonder how the players, sponsors are going to resolve it. Gayle had to give up 200K as he had to join the Dolphins middle of BPL tourney. Hows that going to work when theres another T20 being added, I wonder..

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