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On 14th January, 2008, a day of an Indian festival called uttarayan. It was announced that Indian’s Sony Television Network and Singapore based World Sport Group secured the rights of the Indian premier league. It is recorded that the deal is made for ten years and it cost us$ 1,026 million.
The Board of control for cricket in India announced that proceeds of the deal will initially go to IPL franchises and even gradually the amount of the contract will get reduced over the life of the contract.
At the cost of AU $ 10 - $15 million network ten has bought the rights to show each and every game in Australia live for next five years. Setanta sports have also bought UK rights for 5 years.
The players auction was hold on their subscription channels. There was a marquee prepared for a few selected Indian players like Rahul Dravid, Saurav Ganguly, Sachin Tendulkar, Uvraj Sing nad virendra sehwag. Thinking that the auction. May have some effect on the Sydney test 2007 / 2008 Border Gavaskar Trophy. Many Australian national tem players have decided not to give their names for the auction No players. Currently contracted by the England cricket board submitted their name, as the tournament directly conflict with the English National Team’s winter schedule. Mohammad yusuf and ashwell prince were the two players who are unsigned from all 77 players.
The Board of control for cricket in India has announced Twenty 20 tournament in October 2008. And for that premier cricket league will select two teams from India, Competing against Twenty 20 finalist England, Australia and South Africa. The price for these tournament is 2.5 Million pound and from that 1 Million pound will go to the winner.
The prize money on offer in India, provided by a billionaire Allen Stanford for his own Stanford for his own Stanford Twenty 20 competition in the plan.
England and Wales cricket board and their counterparts in Australia welcomed the premier League plan.
“For county, State and province players, the introduction of the Twenty 20 champion’s competition provider a new and excited pinnacle” said ECB chief executive David Collier.
“It will provide team with the opportunity to earn the title of the world club champions in format which will be eagerly anticipated by spectators and players alike”
Twenty 20 cricket’s development should be managed in such a way that it should engage and excite the public with a compliment for test and one- day international cricket.
He added: “The Champions Twenty 20 format will be enhance rather s than compromise existing competition around the world.”
If the competition is depended in future, India is hoping for other Testing playing countries to enters.
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