Growth and development plans are important selection criteria for bidders. A laborious process over the past few months has resulted in the confirmation of the six franchise owners for South Africa’s T20 League. More than 29 organizations participated in Deloitte Corporate Finance’s open bid process to buy a franchise around the world. There were more than ten sites made available for prospective bidders to purchase a franchise, and all ten of them received interest submissions. The following six bids were chosen as part of this important chapter in South African cricket:
Newlands, Cape Town
Rise Worldwide Limited, a Reliance Industries Limited group Company, owners of Mumbai Indians
RPSG Sports Private Limited, Owners of Lucknow Super Giants
St George’s Park, Gqeberha (Formerly Port Elizabeth)
Sun TV Network Limited, owners of Sunrisers Hyderabad
Chennai Super Kings Cricket Limited, owners of Chennai Super Kings
Boland Park, Paarl
Royal Sports Group, owners of Rajasthan Royals
Supersport Park, Pretoria
JSW Sports, owners of Dehli Capitals
Due to their ownership of the Indian Premier League, the top T20 competition in the globe, all six winning bidders have vast experience running franchises in various sports and in-depth knowledge of cricket.
The nascent league’s commissioner, Graeme Smith, opined on the choosing process as follows:
“We are overjoyed to introduce our brand-new company owners to the South African League, which will take place in January and February 2023. The immense excitement in South African cricket demonstrates that the nation is still regarded in the wider cricketing community, and it is a very exciting period for the sport.”
To ensure the maximum expertise, independence, and neutrality in the process, a scorecard based on various factors was used to inform the choice when choosing the final six owners. I want to express my gratitude to Deloitte for acting as our consultant and for assisting South African cricket to identify partners who significantly enhance our game.
As they bring balance and experience to the League, the various owners’ solid sporting backgrounds and the international businesses they oversee ensure that South African cricket and the industry as a whole will profit from their skills and resources.
When the festival begins early in the following year, spectators will have the chance to witness world-class cricketers, get a glance at the next generation, and participate in the action firsthand.