Sri Lanka Premier League 2012 June 28, 2012

Indian companies among SLPL-franchise owners

ESPNcricinfo staff
20

A number of Indian companies have successfully bid for teams in the Sri Lanka Premier League (SLPL), highlighting the lure of the franchise model in cricket's largest market despite the BCCI's reluctance to allow Indian players to participate, according to reports.

Among the winners are the Wadhawan Group, a business conglomerate with interests in real estate, retail and education, India Cricket Dundee, an Indian fan organisation along the lines of the Barmy Army, and Varun Beverages Lanka (Pvt) Ltd, the agent for Pepsi in Sri Lanka.

The Wadhawan Group bought Wayamba for $5.02 million, the highest price for any of the franchises. Wayamba represented Sri Lanka in the first two Champions League T20 tournaments in 2009 and 2010 and has Mahela Jayawardene, the Sri Lanka captain, as it's icon player. The group has been involved with cricket in the past, most notably as sponsors of the New Zealand national team, the Victoria Bushrangers and VicSpirit teams through Dheeraj East Coast, a joint venture between Dheeraj Realty, the group's real estate company, and East Coast LLC, an Australian company.

Mumbai-based India Cricket Dundee (ICD) bid $4.33 million to buy the Basnahira franchise. Formed in 2010, ICD's stated aim is to create a "widespread fan base that will be able to support the Indian cricket team all year round, whether at home or on tours away", according to their website.

Varun Beverages, based in the West Province of Sri Lanka, won the rights to the Nagenahira franchise for $ 3.22 million, the lowest price for a franchise. The company is a subsidiary of RJ Corp, which includes InBev India International Private Limited, which distributes beers such as Stella Artois and Budweiser in India. The group also runs the Delhi Public School in Gurgaon.

Kandurata was the second most expensive team at $4.98 million and was picked up by Number One Sports Consulting Private Limited. The Uva and Ruhuna franchises were bought by Success Sports and Pearl Overseas respectively for $4.6 million each, while Rudra Sports Private Limited picked up Uthura for $3.4 million. The news was reported in the Sri Lankan Daily Mirror.

A player draft will be held on July 5 and 6 to determine the composition of the teams. Each team can have a maximum of 18 players, including six foreign players. The SLPL 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.

Comments have now been closed for this article

  • YS_USA on June 29, 2012, 14:16 GMT

    Fellows, all this is because of huge Indian TV market and without Indian players, it would not work. They need Gayle and Afridi, but wait for the auction and we will find out.

  • g.narsimha on June 29, 2012, 13:13 GMT

    LAST YEAR THEY COULD NOT START IT AS INDIAN partipation was not possible SINCE indians investing this time we can see our players in sl its good that the indian mighty financial hub is helpeng others in this region

  • satish619chandar on June 29, 2012, 11:33 GMT

    With the wealth some of the Indian businessmen have, they will buy all the franchises around the world unless there is a check on that.. It might be Only the locals can buy the teams but it wouldn't produce the same revenue.. I seriously doubt how the SLPL franchises are going to get settled.. Climatic conditions and the crowd response would decide the fate more than the Indian player participation.. I presume that the Pakistani players will add more crowd in SL than Indian players.. So they wouldn't lose much even if Indian players were not participating in terms of crowd in the stadium.. All the best SLPL.. As a cricket fan, i will always love any form of cricket in any country..

  • Hanuman1206 on June 29, 2012, 11:10 GMT

    I think SLPL fan should appreciate that Indian companies has participated in the bid and bagged some team. This is great initiative to foster cricket across the border and would certainlt be beneficial to Sri Lankan cricket in long run. BCCI may not encourage other leagus to emerge however indian businessmen have different mind set which is great for cricket and fans. SLPL may be a slow starter but will be close to IPL in years to follow. So let's hope for the best and good luck SLPL. I'm sure indian businessmen will participate in PPL as well.

  • dummy4fb on June 29, 2012, 10:58 GMT

    so at-least Indian business man are interested in SLPL, cool , btw lots of guys missing a point, these teams hv been sold not for forever, its only for 7 years, thats why law prices

  • dummy4fb on June 29, 2012, 7:40 GMT

    haha call it mini ipl now

  • slfan1 on June 29, 2012, 7:05 GMT

    @sakthivel you didnt get his point, BCCI tried to stop it, but indian companies bought it. thats y. 5.2 mil damn cheap for indians? well got to say a lot of indians will disagree with u cos i knw i ve been to ind.

  • slfan1 on June 29, 2012, 4:59 GMT

    @samincolumbia any reason? actually indian owners are the ones after the lankan players otherwise they wont play millions for them. Businessmen buy players because they are good not out of compassion. gt it?

  • Sakthiivel on June 29, 2012, 4:23 GMT

    @ Ramesh Dharshana Perera : $ 5.2 millions are damn cheap for Indians (Even CCL team is much more more costlier) and Getting a team for a pocket money is not such great. Owning a team that can play CLT20 with cheap price that is business.

  • YS_USA on June 28, 2012, 23:20 GMT

    SL is smartly using India's huge TV market to prosper its cricket and BD should do the same, and eventually Pakistan will do the same when that day comes. I wonder why no Indian company showed interest in buying BPL teams. Even, now, they can do it, since all teams are always availabe for sell, wholly or partly. To generate more interest in Indian market, they also need some Indian players, which I am sure they all will get. In the USA baseball league, there are 30 teams and each team plays 161 games each year. So, we already have 30 teams, waiting for 161 games!!

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