In a move effectively challenging the Indian cricket board’s national tournaments, Zee Group yesterday announced the launch of an ambitious Indian Cricket League (ICL) with a corpus fund of Rs 1 billion ($232.26 million) and a promise to field many international players.
Stung by the announcement and in order to stop speculation, the Board of Control for Cricket in India (BCCI) quickly issued a statement that its president Sharad Pawar has received a letter, but said no more.
The announcement came as a surprise also because Zee owns the BCCI rights for overseas international cricket.
Zee won the five-year rights for $219.15 million. “A professional league is the need of the hour as is the killer instinct in the players. We will try to do it as early as possible — maybe in July,” said Zee group chairman Subhash Chandra at a press conference here. (more…)