The Subhash Chandra-owned Essel Group has confirmed its plans to set up a rival Twenty20 cricket league by including leading players from around the world to participate in the cash-rich event.
After Chandra's ambitious ICL failed to cut much ice post strong opposition from the BCCI, the media magnate is once again trying to make his company's foray into the lucrative world of cricket and probably give IPL stiff competition, reported the Sydney Morning Herald.
But now, Essel's head of finance and strategy Himanshu Mody reveals that the initial plan is to set up an inter-city T20 league in India.
It is learnt that the Chandra-owned channel Zee and its subsidiary Ten Sports frozen out of lucrative rights to televise cricket in India their ambitious plans have progressed from setting up a rebel T20 league to a parallel world governing body.
Chandra raised the possibility of players being given bank guarantees as a way to convince them to join his venture given Essel's record of not paying ICL wages.
Between 40 and 50 players from the defunct ICL remain out of pocket to the tune of 2 million USD despite Essel recently settling with 12 of the players for a figure of 280,000 USD in a Mumbai court.
Trouble for IPL, Essel Group confirms rival T20 league: report - IBNLive
After Chandra's ambitious ICL failed to cut much ice post strong opposition from the BCCI, the media magnate is once again trying to make his company's foray into the lucrative world of cricket and probably give IPL stiff competition, reported the Sydney Morning Herald.
But now, Essel's head of finance and strategy Himanshu Mody reveals that the initial plan is to set up an inter-city T20 league in India.
It is learnt that the Chandra-owned channel Zee and its subsidiary Ten Sports frozen out of lucrative rights to televise cricket in India their ambitious plans have progressed from setting up a rebel T20 league to a parallel world governing body.
Chandra raised the possibility of players being given bank guarantees as a way to convince them to join his venture given Essel's record of not paying ICL wages.
Between 40 and 50 players from the defunct ICL remain out of pocket to the tune of 2 million USD despite Essel recently settling with 12 of the players for a figure of 280,000 USD in a Mumbai court.
Trouble for IPL, Essel Group confirms rival T20 league: report - IBNLive
